Stocks 'green on the outside, red on the inside'

VN-Index closed the session on January 5 up nearly 4 points thanks to banking stocks, while the number of stocks that decreased dominated, profit-taking pressure increased sharply.

Since the beginning of 2024, the stock market has not recorded any down session. The uptrend continued in today's session, when the VN-Index opened above the reference. Banks continue to be the main support of the market, but the red has gradually spread.

The allocation of the entire credit room from the beginning of the year, with a forecast of more positive profits, helped attract attention to bank stocks. This group also accounts for an overwhelming proportion of the total market capitalization. On the contrary, profit-taking pressure spread across the mid-cap and penny (small) segments. This development caused the VN-Index's increase to only hover around a few points, with the index falling below the reference at times at the end of the morning session. The tug-of-war continued in the afternoon session until closing, between the green of bank stocks on one side and the rest of the market on the other.

VN-Index closed today's session at 1,154.68 points, up nearly 4 points and extending the streak of 6 consecutive sessions of increase. VN30-Index increased 4.77 points, to 1,161.14 points. On the Hanoi Stock Exchange, HNX-Index and UPCOM-Index only increased 0.2 points compared to the reference.

Total market liquidity reached nearly VND18,000 billion. Of which, liquidity on the HoSE was over VND16,300 billion, down over VND10,000 billion compared to the session on January 4. Foreign investors net sold over VND420 billion today, the highest since December 22, 2023.

Red dominated despite the VN-Index gaining points. On the HoSE floor, 267 stocks fell, compared to 221 stocks that rose.

BID was the stock that contributed the most to the VN-Index with 1.2 points when this code increased by 1.9%, to 44,500 VND. Banking stocks were also the main support when leading the increase of the bluechip group. In addition to BID, STB, MBB increased by over 2%, VIB, CTG, SHB increased by over 1%, ACB, TPB, HDB, VCB closed above the reference.

On the contrary, POW decreased the most in VN30 with 1.3%, VHM, SAB, VNM, MSN, VRE closed the session in red.

In the mid-cap group, stocks fluctuated near the reference. Some recently noticed groups such as OGC, OCH, HAG, HVN closed in red.

Minh Son