Deep reduction due to broken "pillar"
In recent trading sessions, the market has fluctuated strongly and depended on key pillars such as VIC, VCB, VHM. The health of the VN-Index is completely “in the hands” of these blue-chips. The stock market session on May 19 was the same. When the “pillars” fluctuated, the VN-Index fell quite deeply.
At the close of the May 19 stock market session, VN-Index fell 1.24 points, or 0.12%, to 1,067.07 points; VN30-Index fell 1.92 points, or 0.18%, to 1,068.84 points. The entire floor recorded only 168 stocks increasing in price, 50 stocks remaining unchanged, and 212 stocks decreasing in price.
Liquidity increased sharply and continued to stand at a high level in the stock market session on May 19. Up to 755 million shares, equivalent to VND 13,361 billion, were successfully transferred. Notably, the cash flow mainly poured into small and medium-sized stocks and "stayed away" from blue-chips. Therefore, the VN30 group recorded only 139 million shares, equivalent to VND 3,699 billion, being successfully bought and sold. This is a very low level.
Stocks fell sharply on May 19 due to a broken "pillar" and strong liquidity increase. Meanwhile, the Japanese market witnessed the strongest increase since 1990. Illustrative photo
The VN30 group is negative as it has just been "left away" by cash flow and has to witness its pillars sinking in red.
Closing the stock market session on May 19, VCB decreased by VND 800/share, equivalent to 0.8% to VND 94,200/share, VHM decreased by VND 900/share, equivalent to 1.6% to VND 54,100/share, VIC decreased by VND 700/share, equivalent to 1.3% to VND 52,500/share,...
On the other hand, some large-cap bank stocks tried to “rescue” the stock market on May 19 but failed. At the end of the session on May 19, STB increased by VND650/share, equivalent to 2.4% to VND27,850/share, CTG increased by VND250/share, equivalent to 0.9% to VND28,000/share,…
On the Hanoi Stock Exchange, the indices remained green when the May 19 stock session ended. The HNX-Index increased by 0.9 points, equivalent to 0.4%, to 213.91 points; the HNX30-Index increased by 5.53 points, equivalent to 1.43%, to 391.88 points. The entire floor had 105 million shares, equivalent to 1,642 billion VND, successfully traded.
Japan's market has the biggest gain since 1990
While the VN-Index fell, Asia-Pacific markets were mostly up as two of Wall Street's three major indexes hit record highs on Thursday evening and House Speaker Kevin McCarthy said he was confident a deal on the US debt ceiling could be reached next week.
The S&P 500 and Nasdaq Composite surged on Thursday to their highest closes since August 2022 as Wall Street traders continued to focus on debt ceiling negotiations.
Leaders of the Group of 7 will gather in Hiroshima, Japan for the G-7 summit that opens today.
Japanese stocks post best week since October with Nikkei 225
The benchmark index rose 0.77% to end at 30,808.35, maintaining its highest level since 1990, and the Topix rose 0.18% to 2,161.69—marking its sixth winning streak. Japan's core inflation rose 3.4% year-on-year in April, remaining above the central bank's target.
Australia's S&P/ASX 200 edged up 0.59% to end the day at 7,279.5, while South Korea's Kospi gained 0.89% to close at 2,537.79 and the Kosdaq closed 0.27% higher at 841.72.
Meanwhile, mainland Chinese markets bucked the trend: Hong Kong's Hang Seng Index fell 1.5% and the Shanghai Composite Index fell 0.42% in mainland China to close at 3,283.54. The Shenzhen Component Index rose 0.12% to close at 11,091.36.
Overnight in the United States, all three major indexes rose for a second straight day, with the Nasdaq up 1.51% and hitting a 52-week high, while the S&P rose 0.94%. The Dow Jones Industrial Average rose 0.34%.
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