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Widespread selling pressure caused the VN-Index to lose more than 13 points in the final trading session of the week.

Báo Đầu tưBáo Đầu tư06/04/2024


Widespread selling pressure caused the VN-Index to lose more than 13 points in the final trading session of the week.

The VN-Index traded in the red throughout the final session of the week due to selling pressure from domestic investors before closing at 1,255.11 points, down more than 13 points from the reference point.

After breaking through the 1,270-point support level, the stock market faced stronger selling pressure from domestic investors. As a result, the VN-Index traded in the red throughout the final trading session of the week, at one point losing approximately 15 points compared to the reference level, falling close to 1,250 points. The index briefly narrowed its decline to near the reference level, but then faced selling pressure again, causing it to fall to 1,255.11 points, down more than 13 points by the close.

This marks the third consecutive day of decline for the VN-Index. Overall this week, the market experienced four declining sessions and one rising session, resulting in a loss of approximately 26 points compared to the end of last week.

In this week's final trading session, the market was dominated by red, with 381 stocks declining, including 11 that hit their lower limit. Conversely, only 116 stocks rose, with 3 reaching their upper limit. The large-cap basket showed strong divergence, with 26 stocks closing below their reference price, while only 2 stocks increased.  

Strong selling pressure came from the securities sector, with all stocks falling, many losing more than 4% compared to the reference price, such as VDS, VCI, TVB, and VIX. Similarly, red dominated the other two key sectors of the market: banking and steel. The real estate sector also faced intense selling pressure, but a bright spot emerged from Novaland (NVL) shares, which at one point surged to the ceiling price of 18,700 VND before narrowing its gain to 4.6% and closing at 18,300 VND.  

Market capitalization map of the Ho Chi Minh City stock exchange on April 5th.
Market capitalization map of the Ho Chi Minh City stock exchange on April 5th.

HVN rose 6.67% to 16,000 VND, becoming the most important pillar supporting the index. Other stocks positively impacting the VN-Index included NVL, VPB, MWG, TMS, CMG, and HAG. Meanwhile, VCB was the stock that dragged the index down the most, falling 1.15% to 94,900 VND. Most of the remaining stocks negatively impacting the index also belonged to the banking sector, such as BID, TCB, MBB, CTG, andACB .  

Market liquidity in the final trading session of the week reached over 1.07 billion shares, an increase of nearly 100 million shares compared to the previous session. NVL led in trading volume with nearly 108 million shares changing hands, far surpassing the total trading volume of the next two stocks, VIX and SSI. The trading value on the Ho Chi Minh City Stock Exchange today reached VND 25,193 billion, a significant increase compared to VND 23,862 billion of yesterday's session.  

Foreign investors traded relatively balancedly today, disbursing VND 1,964 billion and selling VND 1,938 billion, resulting in a net purchase of VND 26 billion. NVL was the stock that attracted the most foreign investment with a net purchase of over VND 223 billion, followed by MWG with over VND 120 billion and CTG with over VND 64 billion. Conversely, VHM was the most heavily sold by foreign investors with a net purchase of over VND 228 billion, followed by PVD with VND 111 billion.  



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