Stock market on May 11th: VN-Index loses the 1,900 point mark.

While large-cap stocks weakened across the board, putting pressure on the index, mid-cap stocks still showed many positive signs.

Negative market sentiment in the afternoon session pushed the main index down sharply. At the close of today's session (May 11th), the VN-Index fell 19.87 points, or 1.04%, to 1895.5 points. Thus, the index failed to maintain its streak of prices above 1,900 points after two sessions.  

This morning, the index remained in positive territory. Notably, during the early morning rally, the VN-Index briefly touched 1,926 points, setting a new historical high. Although the gains narrowed later, the index still held its ground by the end of the morning session, rising by more than 5 points.

In the afternoon session, the red color spread further. From 162 declining stocks and 117 rising stocks on the HoSE at the end of the morning session, by the end of the afternoon session, the number of declining stocks significantly exceeded 213, while only 104 stocks were in the green.  

Today's index was largely weighed down by the widespread weakness of large-cap stocks. While nine stocks in the VN30 index were still rising this morning, by the end of the day, only two – LPB and SAB – remained in positive territory. The other 27 stocks declined, dragging down the index.

Both Vingroup stocks, VIC and VHM, lost over 1% of their value. VIC fell 1.33% and VHM fell 1.83%, collectively subtracting 8 points from the VN-Index.  

These are the stocks that have the greatest impact on the VN-Index.

Along with that, other large-cap stocks were also subjected to more downward pressure. DGC continued to be pushed down to its floor price and ended the day down 6.9%, even though the company had completed its personnel changes and unanimously elected Mr. Dao Huu Kha - the younger brother of former chairman Dao Huu Huyen - as chairman of the board for the remainder of the 2024-2029 term. However, in another development, DGC shares will also be removed from a number of indices, including VN30, meaning that passive funds will sell off this stock.  

VRE also saw a sharp decline today. This stock, part of the Vingroup ecosystem, fell by 6.41%, mainly pressured towards the end of the session despite having been in positive territory in the morning and trading around the reference price for most of the afternoon. VPL also experienced selling pressure and fell by 2.73%. All stocks within this ecosystem faced selling pressure towards the end of the day, and these were the main drivers of the index's decline.

Market heat map for the May 11th session, based on market capitalization.

Two-thirds of the VN30 basket fell by more than 1% today, with many stocks weakening. MSN dropped 3.37%, VJC fell 3.23%, while GVR,FPT , PLX, and BID all declined by over 2%. Among the most actively traded stocks, five saw trading volumes exceeding one trillion VND, with VHM, FPT, and VIC being the three large-cap stocks and also the three stocks on the selling side. Conversely, VIX and GEX saw buying activity.  

The May 11th trading session marked the fourth consecutive day of decline for FPT shares, falling by more than 2.64%, bringing the official share price to 70,000 VND per share. This technology stock continued to experience net selling by foreign investors for the 12th consecutive session, with over 217 billion VND worth of shares sold today.  

Trading value in the VN30 index decreased by more than 14% to over 13,200 billion VND, mainly due to selling pressure on most stocks. As a result, the index fell quite sharply today, with the VN30 index dropping 33.55 points, or 1.62%, to 2,040 points.  

Conversely, there were still some stocks with sudden spikes in trading volume and strong price increases. BSR was in the purple (+6.94%). The entire oil and gas sector was also positive and saw the strongest gains in the market. PVT and PVS increased by over 2.5%, along with PVD which rose by 1.79%…

In addition, CII also suddenly surged to its ceiling price of 6.78%. Simultaneously, stocks within the Gelex ecosystem continued to rise, contributing to the index's decline during the VN30 session. GEL ended the session still at its ceiling price of +6.92%, GEX increased by 1.79%, and GEE increased by 3.91%. Furthermore, VIX also rose by 4.03% and EIB increased by 2.71%.  

Midcap stocks bucked the market trend and rose in price. While the VN30 fell 1.62%, VN100 fell 0.93%, and VNSML fell 0.5%, the VNMID was one of the few indices to increase by 0.27%. Increased liquidity in the midcap group also helped offset overall market liquidity. The HoSE recorded a trading value of over 28,000 billion VND, equivalent to the previous session's liquidity level, despite a decline in trading value in the VN30.  

On the foreign investor side, this group continued to net sell over a trillion VND on the HoSE. VHM was the most heavily sold stock with a net selling value of over 368 billion VND. Along with FPT, DGC also saw net selling of over 189 billion VND, and ACB - TCH were sold for over 100 billion VND. Conversely, buying pressure was seen in stocks that rose in price today such as BSR, GEE, DCM, GEX…

Source: https://baodautu.vn/chung-khoan-phien-115-vn-index-mat-moc-1900-diem-d592493.html