The stock market on May 21st continued to experience significant volatility around the 1,900-point resistance level. During the morning session, the VN-Index briefly surged above 1,922 points but quickly reversed course, falling back to near 1,887 points before recovering and closing at 1,896.89 points. The intraday fluctuation range reached approximately 35 points, indicating continued high profit-taking pressure.
Blue-chip stocks fell sharply, putting pressure on the index. VIC alone, down 3.5%, accounted for nearly 13 points of the total 16-point decline in the VN-Index. In addition, several other large-cap stocks dragged the market down, including GAS (down 2.7%), GVR (down 3.7%), and BSR (down 3.5%).
Regarding the structure of industry groups, the financial sector (banks, securities) showed divergence: LPB increased by 1.72%, VPB by 1.12%, VIB by 1.27%; VIX increased by 1.6%; VCB, HDB,SHB , MSB, MBB, and TPB increased by nearly 1%. Conversely, STB decreased by 1.12%, HCM by 2.36%, VCI by 1.4%, ORS by 1.5%; TCB, CTG, BID, SHS, and MBS decreased by nearly 1%.
Meanwhile, real estate stocks were heavily sold off and plunged into the red: VIC fell 3.53%, NVL fell 3.77%, VRE fell 2.09%, DXG fell 2.35%, CEO fell 1.8%, DIG fell 1.81%, PDR fell 2.13%, NLG fell 1.06%...
Oil and gas stocks also reversed course and fell across the board: BSR down 3.46%, PLX down 2.05%, PVT down 2.74%, PVS down 1.84%, PVD down 1.55%...
In addition, industrial and information technology stocks also leaned towards the red. Many large-cap stocks fell sharply: GEE decreased by 3.73%, GEX by 2.78%;FPT by 1.54%...
At the close of trading, the VN-Index fell 16.34 points (0.85%) to 1,896.89 points, with 152 stocks declining, 144 rising, and 65 unchanged. Conversely, at the close of trading on the Hanoi Stock Exchange, the HNX-Index rose 3.04 points (1.16%) to 264.37 points, with 66 stocks rising, 62 falling, and 64 unchanged. Due to weak demand, liquidity decreased sharply, with the total trading value on the HOSE exchange only exceeding 22,000 billion VND, a decrease of 9,800 billion VND compared to the previous session. Including the HNX exchange, liquidity was still less than 23,000 billion VND, a decrease of 10,400 billion VND compared to the previous session.
Foreign investors also reversed their net selling trend on the HOSE exchange, offloading nearly 1,017 billion VND after two previous net buying sessions. The top three stocks experiencing the strongest net selling were VIC (over 517 billion VND), FPT (over 316 billion VND), and MBB (over 174 billion VND).
Source: https://www.sggp.org.vn/co-phieu-blue-chips-giam-sau-vn-index-danh-mat-moc-1900-diem-post853764.html
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