VN30 group traded negatively, VN-Index reached 1,272 points

Up to 27/30 stocks in the VN30 group closed in red. The VN30-Index fell nearly 16 points in the session on May 29.

Trading was choppy for most of the session, with the stock market suddenly falling sharply in the second half of the afternoon session. The VN-Index even rose to 1,285 points at one point in the morning session. Profit-taking pressure here pushed the index down to close at 1,272.64 points.

Large-cap stocks led the decline. VN30-Index fell 15.73 points, equivalent to 1.21%. The decline rate was significantly greater than that of VN-Index. Meanwhile, HNX-Index adjusted 1.43 points, equivalent to 0.58%, while UPCoM-Index maintained a slight increase of 0.31 points, equivalent to 0.32%.

Red dominated most sectors. Of which, the insurance sector led the decline. Financial stocks including securities and banks mostly traded negatively. The rare bright spot in today's session was tire stocks when two stocks, SRC and CSM, both increased by more than 6%.

However, on the three exchanges, the number of stocks increasing/decreasing in price was quite equal. In total, there were 391 stocks increasing, 40 stocks hitting the ceiling; while there were only 364 stocks decreasing and 18 stocks hitting the floor.

The locomotives that dragged the index down were all large stocks, led by VCB, HPG, CTG, BID and GVR. Shares of the three big state-owned banks all fell around 1% during the session, with CTG alone falling more than 1.7%.

Trading on the market was quite active. The trading value on all three exchanges reached VND28,842 billion, equivalent to more than 1.26 billion shares transferred during the session. Although VN30 stocks were the focus of price declines, liquidity was quite modest with a trading value of nearly VND8,160 billion. However, the leading liquidity in the session was mostly stocks of this group. The trading value of FPT shares alone was VND794 billion, leading the market. Next were EIB (VND640 billion), HPG (VND624 billion), MSN (VND607 billion)...

Total trading volume on HoSE reached nearly 727 million shares worth VND17,584 billion, down 50% compared to the session at the end of last week, of which the negotiated trading value contributed VND2,738.89 billion. Trading value on HNX and UPCoM reached VND1,397 billion and VND1,084 billion, respectively.

In recent sessions, FPT has become the focus of attracting cash flow. FPT shares decreased by 0.95% at the closing time of the session. Foreign investors returned to disburse into this stock with a net purchase value of 136 billion VND. This was also the most purchased stock of the session. The remaining net purchase value of other stocks were all under 50 billion VND. On the contrary, foreign investors strongly net sold many large stocks. Foreign investors sold 336 billion VND of CTG shares alone. HPG was also net sold 231 billion VND. Along with that, a series of stocks were net sold for hundreds of billions such as VND, HDB, SSI, VNM.

In total, foreign investors net sold VND1,644 billion on all three exchanges. This was the fourth consecutive net selling session by foreign investors.

Source: https://baodautu.vn/nhom-vn30-giao-dich-tieu-cuc-vn-index-ve-moc-1272-diem-d216343.html