Real estate stocks show significant divergence.

TPO - The stock market started June on a less than positive note as selling pressure increased on large-cap stocks. In the real estate sector, performance was highly polarized.

After a period of initial fluctuations at the beginning of today's trading session (June 1st), weakening demand caused the market to gradually decline towards the end of the day. At the close, the VN-Index fell 18.95 points, or 1.02%, to 1,844.54 points. This also marked the fifth consecutive day of decline for the index. Meanwhile, the HNX-Index surged 10.24 points to 305.18 points, while the UPCoM-Index edged up slightly to 125.48 points.

Liquidity continues to be a major drawback for the market. Trading value on the HoSE reached just over 15,000 billion VND, a decrease of approximately 3,000 billion VND compared to the previous session and remaining at its lowest level in recent months. This development indicates that capital is still on the sidelines observing rather than participating in bottom-fishing.

The stock market started June on a rather negative note.

The oil and gas sector experienced a sharp correction after the previous rally. GAS fell nearly 4%, BSR lost 3.9%, PLX dropped over 2%, and PVD and PVS also plunged into the red. The banking sector fared no better, with most stocks declining. MSB hit its lower limit, STB fell 1.5%, TCB 1.2%, TPB 1.3%, while CTG, BID, HDB, VPB,SHB , and LPB all saw corrections.

Nevertheless, the market still showed some bright spots. The securities sector traded quite positively with VND rising 4.15%, CTS up 1.83%, VIX up 1.13%, and SHS and MBS both increasing by more than 1%. The technology sector also maintained its positive momentum withFPT rising 1.82%, helping to limit the index's decline.

In the real estate sector, performance was highly mixed. While VIC, VHM, and VRE faced significant selling pressure, many small and medium-sized stocks continued to attract investment. Notably, Sunshine's KSF hit its ceiling price for the second consecutive session, reaching 103,100 VND/share. CEO rose nearly 4%, TCH increased 3%, and DXG and NLG also closed in positive territory.

Foreign investors continued their net selling streak, offloading over 600 billion VND on the HoSE.ACB saw the strongest net selling with a value of 109 billion VND, followed by BSR, MSB, VIC, CTG, and VHM. Conversely, MWG saw net buying of nearly 90 billion VND, FPT saw net buying of 68 billion VND, and VCB approximately 45 billion VND.

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Source: https://tienphong.vn/co-phieu-bat-dong-san-phan-hoa-manh-post1848102.tpo