Despite being supported by a series of key stocks, the VN-Index still fell by more than 10 points.

Thanks to the support of some large-cap stocks such as MSN, TCB, VCB, CTG…, the VN-Index only fell by more than 10 points. Meanwhile, a series of mid- and small-cap stocks were sold off.

The week of July 15-19 ended on a negative note, with the VN-Index falling 1.2% to 1264.78 points, while trading volume increased by 11.61%. Many small and medium-cap stocks faced strong selling pressure. At the start of the new week's trading session, selling pressure immediately intensified, pushing the indices below the reference level. Similar to previous sessions, strong selling pressure continued in the small and medium-cap stock groups. Meanwhile, the banking sector played a crucial role in significantly curbing the overall market decline.

A series of sectors such as real estate, securities, fertilizers and chemicals, steel, etc., all recorded significant stock price drops, with many stocks even experiencing sell-offs. In the securities sector, stocks like CTS and VDS were dragged down to their floor prices. MBS also faced strong selling pressure, falling by 6.78%. AGR decreased by 4.89%. Conversely, SHS and HCM were two of the few securities stocks that maintained positive performance. SHS increased by 2.89%, while HCM increased by 1.92%. The other two large securities stocks, SSI and VCI, saw relatively slight declines today. Recently, the State Securities Commission officially published the Draft Circular amending and supplementing several articles of the Circulars regulating securities transactions. The draft is expected to remove the bottleneck in Prefunding for foreign investors, aiming to upgrade the market. This information is believed to have a positive impact on top securities stocks in the market.

In the steel sector, the situation was no better, with SMC being sold down to its floor price. TVN fell by 12%, HSG by 3.8%, and NKG by 3.1%. In the real estate and industrial park sector, HDG, TIP, and QCG all hit their floor prices. QCG was affected not only by the overall market but also by the news of the arrest of Quoc Cuong Gia Lai CEO Nguyen Thi Nhu Loan. GVR also fell by more than 5%. NVL briefly hit its floor price, but strong buying pressure helped it recover from a 6.3% drop. DXG was a bright spot in the real estate sector, surging 2.59% to 13,850 VND/share. DIG also rebounded by 0.84%.

In addition, stocks such as DGC, HVN, DBC… also plummeted. HVN continued to hit the floor, falling to only 24,350 VND/share, a drop of approximately 30% in just 6 trading sessions. DGC unexpectedly dropped sharply by 6% despite releasing relatively positive financial statements. Specifically, net revenue in Q2 2024 reached 2,504.5 billion VND, an increase of nearly 4% compared to the same period last year. The company earned 870.5 billion VND in after-tax profit, a slight decrease of nearly 1% compared to the same period last year. For the first six months of 2024, the company generated 1,574 billion VND in after-tax profit, a decrease of 7.6% compared to the first half of 2023.

GVR and HVN negatively impacted the VN-Index.

GVR and HVN were the two stocks that took the biggest toll on the VN-Index, with 1.7 points and 0.97 points respectively. Stocks likeFPT , DGC, GAS… also contributed significantly to putting pressure on the index.

Conversely, MSN unexpectedly rose 1.7% and was the most important factor in curbing the overall market decline, contributing 0.44 points to the VN-Index. Bank stocks such as TCB, CTG, VCB, HDB… all saw positive movements. TCB increased 1.07%, HDB increased 1.4%, VCB increased 0.23%, CTG increased 0.75%…

At the close of trading, the VN-Index fell 10.14 points (-0.8%) to 1,254.64 points. There were 96 gainers, 350 losers, and 53 unchanged stocks on the HNX exchange. The HNX-Index fell 2.14 points (-0.89%) to 238.38 points. There were 60 gainers, 118 losers, and 55 unchanged stocks on the HNX exchange. The UPCoM-Index fell 1.13 points (-1.17%) to 95.65 points.

Total trading volume on HoSE reached 923.6 million shares, a 16% increase compared to the end of last week's trading session, equivalent to a trading value of VND 21,115 billion. Trading values ​​on HNX and UPCoM reached VND 1,760 billion and VND 995 billion respectively.

NVL topped the list of stocks with the highest trading volume in the entire market, with 39 million units traded. Following closely behind were MBB and TPB with 33.8 million and 32.7 million units traded, respectively.

Foreign investors returned to net buying, focusing most heavily on shares of leading companies in the sugar industry.

Foreign investors resumed net buying of over 400 billion VND on the HoSE, with the strongest net buying in SBT shares at 375 billion VND, executed through a block trade. FPT also saw net buying of 62 billion VND. Meanwhile, DGC experienced the strongest net selling with 97 billion VND. VPB also saw net selling of 54 billion VND.

Source: https://baodautu.vn/duoc-loat-tru-cot-nang-do-vn-index-van-giam-hon-10-diem-d220568.html