Selling pressure caused the VN-Index to fall by nearly 10 points.

Recently, global inflationary pressures have kept interbank interest rates high, thereby affecting the ability to expand capital flows into the stock market. In addition, the continuous net selling by foreign investors has also impacted the sentiment of domestic investors.

On May 27th, selling pressure continued to prevail, resulting in a predominantly negative market breadth. Across the entire exchange, 174 stocks declined, while 143 stocks increased. Within the VN30 basket, the number of declining stocks significantly outnumbered the rising stocks, with 19 declining compared to 11 increasing.

VHM (Vietnam HHM) took away the most points from the VN-Index. (Screenshot)

At the close of trading, the VN-Index stood at 1,874.43 points, down 9.75 points (-0.52%). The VN30-Index also fell 5.44 points (-0.27%), to 2,022.46 points.

The Vin Group stocks exerted significant pressure on the market, with four stocks in the group among the most negative contributors, subtracting more points than the VN-Index itself lost during the session. Specifically, VHM deducted 5.38 points; VIC reduced the index by 3.59 points. The remaining two stocks, VPL and VRE, caused the index to lose 1.47 points and 0.67 points respectively.

The banking sector showed mixed performance. While STB, BID, and VCB negatively impacted the index, TCB, VPB,ACB , OCB, VIB, and TPB supported the market. Additionally, stocks like GEE, MWG, and POW helped mitigate the decline of the VN-Index.

The performance across different sectors was fairly balanced. Essential goods trade saw the strongest increase at 1.7%, while consumer services experienced the sharpest decline at 4.16%.

Market liquidity reached approximately 22,000 billion VND. Foreign investors continued to be net sellers, buying over 1,647 billion VND but selling over 2,459 billion VND. MSB was the stock with the strongest net buying by foreign investors, valued at 104 billion VND, followed by MWG and ACB with values of 56.8 billion VND and 56.71 billion VND respectively. Conversely, VHM was the most heavily net sold stock with 220 billion VND, followed by HPG with over 140 billion VND.

On the Hanoi Stock Exchange, the HNX-Index rose 4.08 points (1.47%) to 282.23 points. Meanwhile, the HNX30-Index fell 1.84 points (-0.35%) to 524.41 points. Total trading value reached approximately 750 billion VND.

Source: https://hanoimoi.vn/ap-luc-ban-khien-vn-index-giam-gan-10-diem-972455.html