VN-Index “evaporated” more than 30 points

The sell-off caused large-cap stocks to drop sharply, thereby negatively impacting the market. VN30 group dropped 31.67 points (-2.25%), only GAS remained in green with an increase of only 0.4%, closing at 109,800 dong/share and KDH standing at the reference price, and there were 28 codes that lost points. Some of the biggest losers were SSI (laying on the floor), STB (-5.2%), GVR (-5%), HDB (-4.4%), FPT (-4.3%).

In which, the representative of securities group, SSI, could not escape the cat’s eye color due to strong selling pressure. Some other blue-chips that fell deeply had STB down 5.2%, GVR down 5%, HDB down 4.4%, FPT down 4.3%, VPB down 3.9%, PLX down 3.8%…

In terms of industry groups, the most negative part of the market is securities. Besides SSI, which was sold at the floor price, many other codes in the industry also ended the session at the floor like VND, HCM, VIX, VCI, CTS, APG, VDS, AGR, TVB; BSI was also close to the floor when it dropped 6.6%… In which, the big pair SSI and VND had good liquidity, reaching around 15 million shares.

Besides, even though no stocks were on the floor, banking stocks dominated the market’s general index with BID, VPB, CTG, MBB all falling more than 3%, SHB and OCB all down more than 6 %, leading stocks VCB fell 2%, STB fell 5.2%, tickers TCB, ACB, VIB, SSB all fell more than 2%…

Real estate stocks also fell deeply with a series of codes such as DIG, DXG, HDG, KHG, HDC, FCN, FLC, ROS, LDG… lying on the floor, or VCG, KBC, BCM… dropped sharply.

Mining stocks also followed the same direction with 18 losers, 7 keepers and 4 losers including PVD, KSB, ACM, AMC.

Steel stocks were also not out of the market’s vortex as most of them struggled slightly around the reference level except for the bright spot HSG. Although not keeping the purple color, HSG had a positive session, going against the general trend of the market when ending the session up 5.5% to 26,000 dong/share, with liquidity skyrocketing to position leading, reaching more than 18.7 million matched units.

Diversification took place in the group of insurance stocks. While BVH, BMI, BIC, VNR dropped, MIG still maintained a strong gain with a margin of 5.3% to 30,950 dong/share. PGI, ABI, AIC, PVI prospered.

End of session 6/5, VN-Index down 31.42 points (-2.31%) to 1,329.26 points with 59 advancers, while there were 394 losers (46 stocks fell to the floor). The total trading volume reached more than 564 million units, the total trading value reached 17,001 billion dong, up 6.21% in volume and 10.68% in value compared to the previous session. In which, the put-through transaction contributed 53.4 million units, worth 2,208.9 billion VND.

HNX-Index dropped 15.29 points (-4.26%), to 343.46 points with 38 gainers (6 ceiling codes), 195 losers (14 floor codes). The total trading volume reached 61.7 million units, the total value was approximately 1,437 billion VND. The put-through transaction added nearly 1.83 million shares, worth 63.63 billion VND.

On UPCoM, the market also extended its downtrend. Closing the session, UPCoM-Index dropped 1.94 points (-1.87%) to 101.88 points with 126 gainers and 288 losers. Total trading volume reached 58.27 million units, worth 657.59 billion dong. The put-through transaction contributed more than 3.8 million shares, worth VND 79.27 billion.

Stocks sink in red

VTV.vn – Vietnamese corporate stocks dropped sharply in the morning session of May 6 amid low liquidity and signs of slowing cash flow in the past few weeks.

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