Stocks end eight-week winning streak.

Increased selling pressure in large-cap and real estate stocks led to a sharp correction in the stock market last week, causing the VN-Index to fall by nearly 45 points and ending an eight-week winning streak.

VN-Index performance from the beginning of the year to date - Data: VSF

VN-Index fell 45 points after one week.

The stock market closed the trading week from May 19th to 22nd in the red as selling pressure intensified on large-cap stocks, especially real estate and banking. The VN-Index fell a total of 44.5 points, or 2.32%, ending an eight-week winning streak.

Specifically on May 22nd, the market continued its negative trend as selling pressure spread across many sectors. At the close, the VN-Index fell 19.76 points, or 1.04%, to 1,877.13 points. The VN30-Index also decreased by 16.58 points to 2,010.93 points.

Meanwhile, the HNX-Index moved in the opposite direction, increasing by 3.14 points to 267.51 points, while the UPCoM-Index decreased slightly by 0.37 points to 125.65 points.

Liquidity on the HoSE remained high with over 24,193 billion VND, equivalent to nearly 992 million shares changing hands. The market leaned strongly towards the negative side, with 373 stocks declining, including 25 hitting the floor price, while only 297 stocks increased in price and 40 hit the ceiling price.

Selling pressure during the session was mainly concentrated in the real estate sector and large-cap stocks in the VN30 basket. VHM and VIC became the two stocks with the most negative impact on the VN-Index, deducting approximately 5.1 points and 3.64 points from the index, respectively.

In addition, many other blue-chip stocks such as VCB, BID, GAS, BSR,FPT , and VRE also simultaneously declined, making it difficult for the market to recover, even though the decline narrowed at times in the afternoon session.

Conversely, some securities and banking stocks played a supporting role for the index. TCX, VND, SSI, STB, and VNM were the most positive contributors to the VN-Index. Notably, VND increased by 6.73%, SHS by 3.51%, and SSI by 1.66%.

Electronic trading board for the May 22nd trading session - Data: Kafi

VND hits ceiling price with surge in liquidity.

The banking sector showed mixed performance, with STB,ACB , OCB, and TCX maintaining gains, while many large-cap stocks declined, such as VCB losing 2.16%, BID down 1.83%, MBB down 0.6%, and VPB down 0.74%.

The securities sector performed better than the overall market, with VND, SSI, SHS, and VCI all rising in price.

Among them, VND shares of VNDirect Securities Company attracted attention when they hit the ceiling price of 17,450 VND/share, with a trading volume of over 45 million units, second only to VIX with approximately 67 million shares traded. Compared to the average of the past month, VND's liquidity increased nearly fourfold.

The positive performance of the VND (VND) comes amidst the Ho Chi Minh City People's Committee's recent request for relevant departments and agencies to expedite the resolution of legal obstacles, land allocation for BT (Build-Transfer) contract payments, adjustments to the total investment, and disbursement of funds for the 10,000 billion VND flood control project. This project is invested in by Trung Nam BT 1547 Co., Ltd., a subsidiary of Trung Nam Group.

This move is seen by the market as a positive signal for the potential restart of the project after years of stagnation, while also supporting cash flow and the ability to recover capital for the parties involved. Currently, VNDirect has outstanding bonds related to Trung Nam worth approximately VND 4,000 billion.

Nevertheless, selling pressure remained present in some other stocks such as VIX, which fell 2.88%, and HCM, which fell 1.38%.

In the real estate sector, red dominated with VHM falling 3.75%, VIC down 1.01%, and KDH, PDR, and DIG all experiencing corrections. However, some stocks like NVL and DXG managed to maintain their upward momentum.

The industrial and construction sector also saw negative developments, with GEX falling by 6.29%, GEE losing over 4%, and VJC declining by nearly 2%. Meanwhile, the energy sector faced strong selling pressure, with BSR falling 3.26%, PLX down 2.33%, and PVS down 1.24%.

In the retail and consumer sector, MWG edged down 0.13%, MSN fell 0.26%, while VNM rose 0.85%, becoming one of the few bright spots that helped the market narrow its losses at the end of the session.

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Nhat Quang

Source: https://tuoitre.vn/chung-khoan-dut-chuoi-tang-8-tuan-lien-tiep-20260522155203771.htm