Selling pressure intensified, causing the VN-Index to fall below the 1,900-point mark.

The stock market fell nearly 20 points amid increased selling pressure across the board, with the VN-Index dropping below the 1,900-point mark.

Selling pressure intensified, causing the VN-Index to fall below the 1,900-point mark during the trading session on May 11th.

At the close of trading on May 11th, the VN-Index fell 19.87 points to 1,895.50 points. Conversely, the HNX-Index rose 1.57 points to 248.06 points. Market breadth heavily favored sellers, with 455 stocks declining and only 284 stocks rising. The VN30 group of stocks recorded negative performance, with 27 stocks falling, only 2 rising, and 1 remaining unchanged.

Market liquidity increased compared to the previous session, reflecting increased profit-taking pressure. On the HOSE exchange, the trading volume reached over 870 million shares, equivalent to a value of over 25,400 billion VND; on the HNX exchange, this figure reached over 66 million shares with a value of over 1,200 billion VND.

The negative performance mainly came from large-cap stocks. VIC, VHM, BID, and MCH exerted the strongest pressure, subtracting more than 10 points from the main index. Conversely, BSR , LPB, GEL, and GEE were among the few bright spots that managed to maintain positive gains.

By sector, information technology saw the sharpest decline at 2.61%, led byFPT , CMG, ELC, and HPT. Non-essential consumer goods and real estate also faced significant selling pressure, with many stocks experiencing sharp drops, such as FRT, DGW, VRE, NVL, and VHM. In contrast to the general trend, the energy sector rose 3.73%. Notably, BSR surged to its ceiling price of 6.94%, along with PVS, PVD, and PVT, all of which saw price increases due to improved demand.

Regarding foreign investor transactions, foreign investors continued to net sell over VND 1,022 billion on the HOSE exchange, focusing on VHM, FPT, DGC, andACB stocks. Meanwhile, foreign investors net bought slightly over VND 16 billion on the HNX exchange, mainly in PVS and NTP.

The sharp decline indicates increasing caution following a period of rapid market growth. The VN-Index losing the 1,900-point mark could lead to continued volatility in the coming sessions, especially as capital flows remain strongly divergent across sectors.

QM (summary)

Source: https://baohaiphong.vn/ap-luc-ban-tang-manh-vn-index-mat-moc-1-900-diem-542671.html