Stock market on April 21st: VN-Index unexpectedly reverses course.

Entering the trading session on the morning of April 21st, the market continued to benefit from the positive sentiment of the previous day. Vingroup- related stocks continued to play a leading role in carrying the index's gains.

The pair of stocks VIC and VHM surged simultaneously, at times recording breakout gains of 4% to 6%, contributing more than 22 points and pushing the VN-Index past the 1,860 point mark in just over an hour of trading.

Besides the surge in Vingroup's performance, the highlight of the morning session was also STB shares, as this bank stock unexpectedly hit its ceiling price (+6.9%), attracting a massive influx of capital with millions of units remaining in buy orders at the ceiling price.

However, right from the morning session, the market sent out warning signals about a "green outside, red inside" situation, as the index surged but red still subtly dominated the electronic board, indicating that the money flow was not truly spreading.

- Ảnh 1. — Red dominated the stock market on the afternoon of April 21st.

Entering the afternoon trading session, the market witnessed a sudden reversal. As the VN-Index, fueled by bullish momentum, approached the 1,880-point resistance level, profit-taking pressure emerged, dragging down most stocks on the market.

The weakness was evident across all sectors. Even the market-leading stocks in the morning session, such as STB, VHM, and VIC, could not withstand the selling pressure from investors.

At the close of trading, the gains of "leading stock" VIC narrowed significantly to just +1.4%, while VHM almost lost all its gains, only inching up slightly by +0.5%. STB shares also lost their peak gains, falling back to a +5.5% increase.

When the pillars of support were no longer strong enough, the market immediately plummeted. At the close of trading on April 21st, the VN-Index officially reversed course, falling 3.63 points (-0.20%) to 1,833.48 points. The VN30 large-cap basket also failed to maintain its position, closing down 1.96 points (-0.10%) at 2,007.08 points.

A similar gloomy trend was observed on both other exchanges, with the HNX-Index falling sharply by 4.06 points (-1.58%) to 253.27 points, and the UPCoM-Index decreasing by 0.41 points (-0.32%) to 129.08 points.

By the end of the session, the market leaned heavily towards the selling side, with red dominating completely. Statistics show that as many as 227 stocks declined in price, far exceeding the mere 99 stocks that managed to maintain their gains.

Liquidity on the HoSE exchange improved compared to the previous session but did not truly surge, recording a total trading value of VND 24,615.06 billion with over 856 million shares changing hands.

Adding further pressure to the market was negative trading activity from foreign investors. Foreign investors continued their net selling trend with a value of VND 377.85 billion on the HoSE exchange (buying VND 3,039.18 billion, but selling VND 3,417.03 billion).

According to observers, the rapid "reversal" in the April 21st session was a costly reminder of the potential risks at the peak, requiring investors to establish strict profit-taking discipline instead of chasing prices (FOMO) during this sensitive period.

Source: https://nld.com.vn/chung-khoan-21-4-vn-index-bat-ngo-quay-xe-19626042115432436.htm