Nearly 200 stocks rose in price, so why did the VN-Index still lose points?

TPO - After a recovery session at the beginning of the week, the stock market today (May 26) returned to a state of strong volatility. Although green dominated the trading board with nearly 200 HoSE stocks rising in price, the VN-Index still closed in the red due to strong pressure from large-cap stocks, especially the trio of Vingroup stocks.

At the close of trading, the VN-Index fell 1.85 points (0.1%), to 1,884.18 points. Notably, the breadth of the HoSE market heavily favored buyers, with nearly 200 stocks rising, significantly more than the 116 stocks that fell. However, this was still not enough to keep the VN-Index in positive territory.

​

The main reason for the sharp decline was the strong downward pressure from the Vingroup group of stocks. VIC, VHM, and VRE all experienced significant drops, with VIC and VHM becoming the two stocks with the most negative impact on the index. This group alone deducted nearly 14 points from the VN-Index. If the influence of the Vingroup group is excluded, the market actually maintained a positive state for most of the trading session.

Blue-chip stocks reversed course, putting significant pressure on the overall market.

Conversely, capital continued to flow into the banking and securities sectors.ACB became the focal point, rising over 5% and making the most positive contribution to the VN-Index. Many other bank stocks also performed well, such as MBB increasing nearly 3%, VPB rising over 2%, while VCB, BID, CTG, and TCB all maintained their gains.

Not only did prices rise, but capital also flowed back strongly into the banking sector after a long period of stagnation. The total trading value for this group alone reached over 5,400 billion VND, accounting for about a quarter of the total market liquidity. ACB was the most prominent stock, with nearly 59 million shares traded, equivalent to over 1,400 billion VND.

The securities sector also maintained positive performance thanks to continued high market liquidity. SSI rose by approximately 2%, VND by nearly 3%, SHS by nearly 4%, while many other stocks such as VCI, VIX, and MBS all increased.

After a sharp drop earlier in the week, the oil and gas sector recovered. BSR , PVS, PVC, and OIL all rose in price, contributing to improved market sentiment. Notably, PET hit its ceiling price. However, overall capital flows remain quite cautious as the VN-Index has yet to surpass the 1,900-point mark.

Liquidity on the HoSE exchange reached nearly 19,500 VND. Foreign investors continued to be a negative factor, selling net nearly 660 billion VND, heavily concentrated in MSB, HPG, VIC, and VHM.

​

Source: https://tienphong.vn/gan-200-co-phieu-tang-gia-vi-sao-vn-index-van-mat-diem-post1846475.tpo