Stocks showed mixed performance, with the VN-Index falling slightly at the end of the session.

The trading session on May 13th witnessed intense fluctuations in the VN-Index as Vingroup's group of stocks plummeted sharply in the afternoon. However, bargain hunting and a surge in the oil and gas sector helped the index significantly narrow its losses.

Strong buying pressure at the end of the session helped the VN-Index significantly narrow its losses after a period of sharp market volatility.

The Vietnamese stock market experienced a volatile trading session on May 13th, with the VN-Index at one point plummeting nearly 36 points due to selling pressure on Vingroup- related stocks. However, strong capital inflows and support from the oil and gas sector and some banking stocks helped the market recover significantly towards the end of the session.

At the close of trading, the VN-Index edged down 2.73 points, or 0.14%, to 1,898.37 points. Market breadth showed 144 gainers compared to 168 losers, a significant improvement from the negative sentiment in the morning session.

From the start of the session, the market was under downward pressure as many large-cap stocks weakened. Banking stocks like STB,ACB , and BID faced profit-taking pressure, while Vingroup's trio of VIC, VHM, and VRE traded poorly, causing the VN-Index to fall by more than 8 points by the end of the morning session.

However, the real tension emerged in the afternoon session. After the first 30 minutes of positive trading driven by strong gains in the oil and gas sector, selling pressure unexpectedly intensified in Vingroup-related stocks. VHM and VRE at times hit their lower limit, while VIC plummeted sharply, causing the VN-Index to fall rapidly to around 1,865 points, a loss of nearly 36 points.

VHM became the focus of negative activity, with trading volume reaching nearly 1,393 billion VND in the afternoon session alone. At one point, the stock was sold down to the floor price before recovering slightly towards the end of the session. At closing, VHM fell 4.81%, continuing to be the stock with the most negative impact on the VN-Index. VIC, VRE, STB, VNM, TCB, and VJC also exerted significant pressure on the index.

However, the market avoided prolonged panic thanks to strong bargain-hunting demand at the end of the session. Both VIC and VPL recovered significantly from their intraday lows, helping the VN-Index narrow its decline.

Against this backdrop, the oil and gas sector emerged as the biggest bright spot in the market, benefiting from the sharp rise in global oil prices. GAS shares closed at the ceiling price of 81,800 VND/share, with nearly 1.3 million units remaining at the ceiling price. This was also one of the stocks that contributed most positively to the VN-Index.

Besides GAS, a series of other oil and gas stocks also surged, such as PLX up 6.75%, BSR up 3.78%, PVD up 6.44%, and PVT up 4.42%. At one point, GAS, PLX, and BSR all hit their upper limit, providing significant support to the market during a period of strong volatility.

The banking sector was generally highly mixed. While STB fell sharply by 4.3%, EIB lost 2%, and TPB and OCB declined by more than 1%, BID unexpectedly became the "shining star" of the trading session. After a sharp drop in the morning, BID reversed course and rose by 2.51% by the close. In the afternoon trading alone, this stock saw over 535 billion VND in trading volume, five times that of the morning session.

Other bank stocks such as CTG, VCB, MSB, and HDB also maintained their positive performance, contributing to the market's recovery at the end of the session.

Notably, the surge in market liquidity indicates that capital flows remain very strong despite significant fluctuations in the leading stocks. The total trading volume on the HoSE reached nearly 973 million shares, equivalent to a value of over 29,700 billion VND, an increase of 33% in volume and 40% in value compared to the previous session.

The Midcap basket saw significant activity as capital flowed toward small and medium-sized stocks. Liquidity in the Midcap group increased by 35%, accounting for approximately 46% of the total trading value on the HoSE exchange. Many stocks saw strong gains with high liquidity, such as NVL (up 2.45%), HCM (up 2.89%), EVF (up 4.51%), DPM (up 2.44%), and GEE (up 1.85%).

Meanwhile, the securities sector traded relatively evenly. HCM rose nearly 3%, CTS increased 1.46%, and VCI gained 0.75%, while VIX fell 1.31% despite continuing to lead the market in liquidity with over 67.8 million shares changing hands.

Foreign investors continued to be a negative factor, extending their net selling streak to 15 consecutive sessions on the HoSE with a net selling value of VND 1,471 billion. FPT and ACB continued to lead the list of stocks with the strongest net selling, with values ​​of VND 382 billion and VND 259 billion respectively. Conversely, foreign investors made significant net purchases in MSB, MSN, BSR, HPG, and PLX.

On the HNX exchange, the situation was more positive, with the HNX-Index rising 1.34 points to 254.62 points, marking its third consecutive day of gains. The oil and gas sector continued to attract investment, with PVS rising 2.5% and PVC increasing nearly 9%.

The trading session on May 13th showed that the market remained highly polarized. Despite the volatile movements of blue-chip stocks, capital continued to flow actively between sectors, especially oil and gas and midcap stocks, helping the VN-Index avoid a sharp decline.

Source: https://thoibaonganhang.vn/co-phieu-phan-hoa-vn-index-giam-nhe-cuoi-phien-181942.html