Thanks to the support of some large stocks such as MSN, TCB, VCB, CTG…, VN-Index only decreased by more than 10 points. Meanwhile, a series of small and medium-cap stocks were sold off.
The week from July 15 to 19 ended quite negatively when VN-Index decreased by 1.2% to 1,264.78 points with trading volume increasing by 11.61%, many stocks in the small-medium capitalization group faced strong selling pressure. Entering the first trading session of the new week, selling pressure immediately increased and pushed the indices down below the reference level. Similar to previous sessions, selling pressure continued to be very strong in the group of small-medium capitalization stocks. Meanwhile, the banking group played an important role in significantly restraining the decline of the general market.
Many industry groups such as real estate, securities, fertilizers and chemicals, steel... all recorded many stocks plummeting, even many codes were sold off. In the securities group, stocks such as CTS or VDS were pulled down to the floor price. MBS shares also could not avoid strong selling pressure when they fell by 6.78%. AGR decreased by 4.89%. On the other hand, SHS and HCM were two rare stocks that maintained positivity. Of which, SHS increased by 2.89% and HCM increased by 1.92%. Two other large securities stocks, SSI and VCI, both decreased quite slightly in today's session. Recently, the State Securities Commission officially published the Draft Circular amending and supplementing a number of articles of the Circulars regulating securities transactions. The draft is expected to remove the Prefunding bottleneck for foreign investors, aiming to upgrade the market. The above information is said to have a positive impact on the top securities stocks on the market.
In the steel group, the situation was not better when SMC was sold to the floor price. TVN decreased by 12%, HSG decreased by 3.8%, NKG decreased by 3.1%. In the real estate and industrial park group, HDG, TIP and QCG all decreased by the floor price. QCG was not only affected by the general market but also by the news that CEO of Quoc Cuong Gia Lai Nguyen Thi Nhu Loan was arrested. Along with that, GVR also decreased by more than 5%. NVL had a time when it decreased by the floor price, but the strong bottom-fishing demand here helped this stock decrease by 6.3%. DXG is now the bright spot of the real estate sector when it increased by 2.59% to 13,850 VND/share. DIG also increased again by 0.84%.
In addition, stocks such as DGC, HVN, DBC... also plummeted. HVN continued to "harden" the floor and was only 24,350 VND/share, so this stock has decreased by about 30% after only 6 trading sessions. DGC suddenly decreased sharply by 6% despite announcing a not-so-negative financial statement. Specifically, net revenue in the second quarter of 2024 reached 2,504.5 billion VND, up nearly 4% over the same period. The company earned 870.5 billion VND in profit after tax, down slightly by nearly 1% over the same period. In the first 6 months of 2024, the company earned 1,574 billion VND in profit after tax, down 7.6% compared to the first half of 2023.
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| GVR and HVN negatively impact VN-Index |
GVR and HVN were the two stocks that took the most away from the VN-Index, with 1.7 points and 0.97 points respectively. Codes such as FPT, DGC, GAS… also contributed significantly to putting pressure on the index.
On the other hand, MSN unexpectedly increased by 1.7% and was the most important factor in helping to curb the decline of the general market when contributing 0.44 points to the VN-Index. Banking stocks such as TCB, CTG, VCB, HDB... all had positive fluctuations. TCB increased by 1.07%, HDB increased by 1.4%, VCB increased by 0.23%, CTG increased by 0.75%...
At the end of the trading session, VN-Index decreased by 10.14 points (-0.8%) to 1,254.64 points. The entire floor had 96 stocks increasing, 350 stocks decreasing and 53 stocks remaining unchanged. HNX-Index decreased by 2.14 points (-0.89%) to 238.38 points. The entire floor had 60 stocks increasing, 118 stocks decreasing and 55 stocks remaining unchanged. UPCoM-Index decreased by 1.13 points (-1.17%) to 95.65 points.
Total trading volume on HoSE reached 923.6 million shares, up 16% compared to the session at the end of last week, equivalent to a trading value of VND21,115 billion. Trading value on HNX and UPCoM reached VND1,760 billion and VND995 billion, respectively.
NVL topped the market's order matching list with 39 million units. Following that, MBB and TPB matched orders with 33.8 million units and 32.7 million units, respectively.
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| Foreign investors return to net buying, focusing mostly on stocks of leading enterprises in the sugar industry |
Foreign investors net bought again more than 400 billion VND on HoSE, in which, this capital flow net bought the strongest code SBT with 375 billion VND and was done through an agreement. FPT was net bought again 62 billion VND. Meanwhile, DGC was net sold the strongest with 97 billion VND. VPB was also net sold 54 billion VND.
Source: https://baodautu.vn/duoc-loat-tru-cot-nang-do-vn-index-van-giam-hon-10-diem-d220568.html
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