Successfully reversing the trend, VN-Index increased by 14 points, foreign investors returned to a net buying of 230 billion dong
Vietnam’s stock market opened the trading session on May 24 not very positively when the indexes dropped below the reference level quickly. However, the downtrend could not be maintained for long when the strong selling pressure in large stocks disappeared and the demand increased, pulling a series of Blue-chips up. At the beginning of the afternoon session, the market struggled again, mainly from steel stocks, so VN-Index sometimes fell 20 points to 1,204 points.
However, the green color returned to the end of the session when large-cap codes like MSN (+4.31%), VCB (+1.61%), VNM (+3.92%), CTG (+3.92%) +4%)… all enthusiastically participated in supporting the market.
In terms of trading volume, the most traded stock on HoSE was HPG (-5.03%) with a total trading volume of more than 42 million shares, which was in red again, and even fell to the floor at some point. This is also the main factor causing VN-Index to drop 2 points, equivalent to 0.17% decrease.
According to information at the 2022 Annual General Meeting of Shareholders held this morning, HPG Chairman – Mr. Tran Dinh Long said that businesses face many difficulties and will reflect in the 2nd, 3rd and 4th quarters. With this message from the leading “big man” in the industry, the whole group of Steel codes was affected, ending the session in red like HSG (-4.49%), NKG (-5.5%), SMC ( -5.04%,.. all fell deeply.
Financial services are the most heavily sold at low prices next to many other large industry groups. However, this group of stocks recovered when many codes like HCM (+6.05%), SSI (+6.04%), SHS (+5.59%) VND (+3%)… all good increase at the same time. Only TVB, HBS, ART, VIG… traded with a small volume, ending the session down.
Besides, real estate and construction codes “turned around” and gained strongly at the end, green dominated like HDC (+6.03%), DIG (+5.84%), DXG (+4, 74%)… Even CEO (+9.84%) or HBC (+6.82%) are still “purple”.
Besides, banking stocks leading the market had a divergence when the number of advancers was greater than the number of decliners. Notably, STB (+6.88%) with 18 million shares matched, ranked 3rd in the top largest trading volume at the end of the session with a dramatic gain. Followed by CTG, VIB, VPB, EIB, … flooded in green gaining points.
Ending the session, VN-Index increased 14.57 points (1.2%) to 1,233.38 points. The whole floor had 224 gainers, 210 losers and 67 standstill stocks. HNX-Index increased by 5.3 points (1.76%) to 305.96 points. The whole floor had 93 gainers, 97 losers and 60 standstill stocks. However, UPCoM-Index dropped 0.51 points (-0.54%) to 93.12 points.
The VN30 basket recorded 26 gainers completely outnumbering 4 decliners. The basket representative index gained 17.36 points (+1.38%) and ended the session with 1,272.71 points, stronger than the general market.
Market liquidity increased slightly compared to yesterday, the total value of all 3 exchanges reached 16,160 billion dong. In which, the order-matching and put-through value on HoSE alone increased by 0.6%, reaching 13,416 billion dong.
At the same time, foreign investors’ trade was also a bright spot when they were net buyers on all 3 exchanges with a total value of 228 billion dong.
On HoSE, foreign investors net bought nearly 196 billion dong, focusing on collecting DCM (81 billion dong), DPM and STB each received a net 74 billion dong… In contrast, HPG today not only decreased strong point but also was sold the most on HoSE with 145 billion dong. Following the list, there were VND, SSI, VCI… net sold at 86 billion dong, 72 billion dong and 32 billion dong respectively…
On the HNX, foreign investors made a slight net investment of 3 billion dong, focusing on collecting IDC (5 billion dong). The tickers BAX, PVI, and NVB were also net bought about 1 billion dong each. On the selling side, IDJ and NTP were each slightly net sold at 2 billion dong and 1 billion dong respectively. In addition, L14, CEO, PSD.. were also sold net today.
On UpCOM, foreign investors net bought nearly 30 billion dong, the focus was on BSR with a transaction value of 30 billion dong. Besides, foreign investors were cautious net buying of QNS (3 billion dong), SIP (1 billion dong)… On the contrary, the net selling direction was the strongest in VTP with 7 billion dong. Following, VEA, CLX, GHC… were also sold slightly on the floor.
at Blogtuan.info – Source: Soha.vn – Read the original article here
