Energy and rubber stocks bucked the market trend.

On May 15th, the VN-Index fell nearly 4 points. In this context, energy and rubber stocks emerged as bright spots, rising sharply across the board, especially GAS which hit its ceiling price, helping to narrow the index's decline.

At the close of trading, the energy sector was the strongest performing sector in the market, rising by 4.25%. Most stocks in the sector increased in price, notably GAS, which hit its ceiling price and contributed the most to the VN-Index with 3.2 points; followed by BSR with 1.68 points and PLX with 0.68 points.

Most energy stocks rose in price. Screenshot.

Energy stocks surged amid rising global oil prices driven by concerns that tensions in the Strait of Hormuz could impact global oil supplies.

Rubber sector stocks also performed positively, driven by favorable business results and a promising industry outlook: GVR rose 4.28% to 37,750 VND/share; PHR hit its ceiling price, reaching 71,300 VND/share. Notably, HRC extended its streak of hitting the ceiling price to 7 consecutive sessions, reaching 55,100 VND/share.

Several other stocks such as GVR, VHM,ACB , SAB, NVL, and PHR also supported the market.

During the session, the market only maintained its positive momentum for the first few minutes before strong profit-taking pressure intensified after the rally to new highs. Therefore, for the remainder of the trading day, the VN-Index declined, at one point falling by as much as 15 points. Towards the end of the session, improved demand helped slow the decline.

At closing, the VN-Index fell 3.86 points (-0.2%) to 1,921.6 points; the VN30-Index dropped 18.04 points (-0.87%) to 2,050.58 points.

Market breadth clearly favored decliners, with 187 stocks falling compared to only 120 rising. Within the VN30 basket, the number of declining stocks was more than double the number of rising stocks (21 and 9 respectively).

The majority of sectors declined; among them, media and entertainment, and telecommunications services saw the sharpest drops, both over 3%.

The most negative impact on the market came from VIC, which deducted 2.94 points; followed by bank stocks such as LPB, VCB, BID, and VPB, which took away 0.38-0.99 points. In addition, HPG, MWG, VPL, MSN, and FPT also contributed to the market decline.

After three consecutive recovery sessions, FPT shares reversed course and fell again, losing 1,000 VND per share to 72,900 VND per share.

Liquidity reached over 23,000 billion VND. After a net buying session, foreign investors returned to net selling, with purchases totaling nearly 2,230 billion VND and sales exceeding 3,101 billion VND.

On the Hanoi Stock Exchange, at the close of trading, the HNX-Index rose 2.35 points (0.92%) to 257.42 points; the HNX30-Index closed at 531.6 points, up 1.22 points (0.23%). Total trading value exceeded 1,000 billion VND.

Source: https://hanoimoi.vn/co-phieu-nang-luong-cao-su-di-nguoc-thi-truong-750123.html