The market corrected during today's session, closing on May 19th with the VN-Index down 15.01 points, or -0.78%, to 1,912.93 points.
The index is still consolidating around its new peak, facing downward pressure today due to the influence of large-cap stocks. The VN30 index recorded only 8 gainers during the session while 21 declined, notably 4 stocks hitting the floor limit, including GAS, BSR , PLX, and GVR. GVR, in particular, fell by the maximum allowed limit of 7%.
After several sessions of price increases, the entire oil and gas sector experienced a sharp decline. PVT and PVD both hit their lower limit, and the drop in PVC, PVS, and other stocks was also quite significant, exceeding 5%. The oil and gas sector became the biggest loser in the market today. Chemical stocks and related groups also saw corresponding corrections.
Along with GVR's price drop, rubber stocks such as PHR and HRC also fell to their floor price, and DPR lost 6.67% of its value, all joining the group of stocks with the sharpest declines on the HoSE today.
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| These stocks had the biggest impact on the index on May 19th. |
The market was dominated by red, and this trend widened towards the end of the day. At the close of trading, the HoSE saw 223 stocks decline, with only 90 gaining. Only 8 stocks in the VN30 index contributed to the overall price increase, even with the Vingroup group (VIC, VHM, VRE, and VPL) showing gains. The VN30 index fell 0.92% today, dropping over 18.9 points.
In fact, the Vingroup group also experienced selling pressure in the morning session, with VIC only recovering to positive territory towards the end of the afternoon session, and even then, the price increase was minimal, only 0.04%. Although the other three stocks rose by over 1%, the sharp declines prevented this group from balancing the gains. However, thanks to VIC no longer falling, the index was somewhat supported. The VN-Index had at one point lost more than 23 points, falling to 1,904 points.
Along with the decline in oil and gas and rubber stocks, bank stocks also weakened. Today, among state-owned bank stocks, only VCB continued to rise by 1.9% and was the most actively traded stock on the market with a trading value exceeding 1,500 billion VND. Meanwhile, BID and CTG fell by 2.32% and 1.38% respectively. A series of other private bank stocks also declined.
Active selling pressure increased quite strongly in the large-cap group in the afternoon. Trading value in VN30 today reached over 19,400 billion VND, an increase of more than 20% compared to yesterday's session.
With widespread selling pressure, midcap and smallcap stocks were also affected. VNMID fell 0.02% and VNSML fell 0.85%. Trading value on the HoSE increased to over 32,300 billion VND, up more than 21%.
However, some counter-trend movements occurred. For example, Gelex 's group of stocks rose against the trend. GEX and VIX increased by 3.43% and 1.32% respectively during the session, and both were among the most actively traded stocks with values exceeding 1,200 billion VND.
PC1 also reversed its downward trend, surging 6.8% to its ceiling price after a prolonged decline due to the leadership team's legal troubles; CTR also saw a sharp increase of 6.99%, pulling up the prices of the Construction Materials and Telecommunications sectors.
In today's declining session, pressured by leading stocks, most sectors saw corrections. However, capital flow continued to be directed towards a few positive stocks.
VCB was the stock most heavily bought by foreign investors in this session, with net purchases exceeding 593 billion VND. VIC and GEX also saw net purchases of over 100 billion VND each.
However, net selling pressure persisted as a series of large-cap stocks were sold off. MBB saw net selling of over 230 billion VND, SSI over 172 billion VND, and ACB and VPB also experienced net selling of over 100 billion VND. Overall, the value of purchases on May 19th increased by over 800 billion VND compared to yesterday's session, but the selling also increased correspondingly. Therefore, the difference still favored sellers, with net selling on the HoSE reaching over 740 billion VND.
Source: https://baodautu.vn/chung-khoan-phien-195-bluechips-suy-yeu-d600366.html
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