Pharmaceutical stocks race to break out, VN-Index continues to struggle

Large-cap stocks diverged strongly, causing the indices to fluctuate narrowly around the reference level in the first session of the week, July 15. The bright spot of today's session was pharmaceutical stocks.

VN-Index had a week of trading fluctuations within a narrow range, under slight correction pressure when encountering the resistance zone of 1,300 points after the previous week of good recovery. However, trading volume increased quite strongly by 32.9%.

Entering the first trading session of the new week (July 15), all indices were pulled above the reference level due to the push from some pillar stocks. However, trading on the market took place cautiously with very low liquidity. This week is the time when VN30 index futures contracts expire, so investors will usually be somewhat cautious due to concerns about possible strong fluctuations.

Trading in the market was relatively active throughout the morning session, while pressure was pushed to a high level in the afternoon session, causing the indices to reverse and close in the red.

Pharmaceutical stocks were the focus of the market, with DHT and IMP leading the industry. DHT and IMP were both pulled above the reference level. In addition, DVN also increased by 8.75%, VMD increased by 1.9%. However, most pharmaceutical stocks had modest liquidity.

In the large-cap group, stocks such as VRE, TPB, VHM, VPB, HVN… were all in red and put great pressure on the general market. VHM fell 1.3% and took away 0.54 points from the VN-Index. HVN continued to fall sharply by 2.47% and took away 0.46 points. FPT also fell back by 0.82% and took away 0.4 points.

Top stocks strongly impacting VN-Index session 15/7

On the other hand, PLX, BCM, VJC, GVR and BVH increased in price well and contributed to supporting the general market. GVR was the stock that contributed the most positively to the VN-Index with 0.57 points. GVR closed the session up 1.58%. Following that, BCM also increased by 3.38% and contributed 0.55 points. PLX continued to increase strongly with 3.67% and contributed 0.52 points.

Most industry groups in today's session had strong differentiation. In the real estate group, TIG, KHG, HDG... increased well in price. Of which, TIG increased by 7.69%, HDG increased by 3.18%. Meanwhile, QCG, HPX, NTL, CEO... were all in red. QCG decreased by 6.25%, HPX decreased by 1.76%...

At the end of the trading session, VN-Index decreased by 0.93 points (-0.07%) to 1,279.82 points. The entire floor had 167 stocks increasing, 262 stocks decreasing and 86 stocks remaining unchanged. HNX-Index decreased by 0.18 points (-0.07%) to 244.84 points. The entire floor had 79 stocks increasing, 86 stocks decreasing and 49 stocks remaining unchanged. UPCoM-Index decreased by 0.22 points (-0.22%) to 97.92 points.

Total trading volume on HoSE reached 573.5 million shares, down 5% compared to the session at the end of last week, equivalent to a trading value of VND14,235 billion. Trading value on HNX and UPCoM reached VND1,319 billion and VND994 billion, respectively.

SHB ranked first in terms of matched volume in the entire market with 23.9 million shares. Following that, HPG and VPB matched 16.3 million units and 16 million shares respectively.

Two banking stocks were the focus of foreign net selling on July 15.

Foreign investors increased their net selling to VND1,670 billion on the HoSE, in which this capital flow strongly net sold HDB (VND406 billion), STB (VND326 billion), SAB (VND180 billion), SCS (VND118 billion) and most of it was done through negotiation. On the other hand, TNH was the strongest net buyer with VND113 billion. NLG and PC1 were net bought VND77 billion and VND48 billion, respectively.

Source: https://baodautu.vn/den-luot-co-phieu-duoc-dua-nhau-but-pha-vn-index-tiep-tuc-giang-co-d220035.html