The price dropped sharply due to the collapse of the "pillar".

The price dropped sharply due to the collapse of the "pillar".

In recent trading sessions, the market has experienced significant volatility and has been heavily reliant on key stocks like VIC, VCB, and VHM. The health of the VN-Index rests entirely on these blue-chips. The May 19th trading session was no different. When these "pillars" fluctuated, the VN-Index fell quite sharply.

At the close of trading on May 19th, the VN-Index fell 1.24 points, or 0.12%, to 1,067.07 points; the VN30-Index fell 1.92 points, or 0.18%, to 1,068.84 points. Across the entire exchange, only 168 stocks increased in price, 50 remained unchanged, and 212 decreased.

Liquidity surged and remained high during the May 19th trading session. A total of 755 million shares, equivalent to VND 13,361 billion, were successfully traded. Notably, the majority of the capital flowed into small and medium-sized stocks, avoiding blue-chips. Therefore, the VN30 group only recorded 139 million shares, equivalent to VND 3,699 billion, in successful transactions. This is a very low figure.

Stocks fell sharply on May 19th due to a collapse of key support levels, coupled with a surge in trading volume. Meanwhile, the Japanese market witnessed its strongest rally since 1990. (Illustrative image)

The VN30 group experienced negative sentiment as it both saw capital outflows and witnessed key stocks plummeting into the red.

At the close of trading on May 19th, VCB fell by 800 VND/share, equivalent to 0.8%, to 94,200 VND/share; VHM fell by 900 VND/share, equivalent to 1.6%, to 54,100 VND/share; VIC fell by 700 VND/share, equivalent to 1.3%, to 52,500 VND/share, and so on.

Conversely, some large-cap bank stocks attempted to "rescue" the stock market on May 19th but failed. At the close of trading on May 19th, STB increased by 650 VND/share, equivalent to 2.4%, to 27,850 VND/share; CTG increased by 250 VND/share, equivalent to 0.9%, to 28,000 VND/share, etc.

On the Hanoi Stock Exchange, the indices maintained their positive momentum as the May 19th trading session closed. The HNX-Index rose 0.9 points, or 0.4%, to 213.91 points; the HNX30-Index increased 5.53 points, or 1.43%, to 391.88 points. A total of 105 million shares, equivalent to VND 1,642 billion, were successfully traded.

The Japanese market saw its strongest growth since 1990.

While the VN-Index fell, Asia- Pacific markets mostly rose as two of Wall Street's three major indices hit record highs on Thursday night and House Speaker Kevin McCarthy said he was confident an agreement on the US debt ceiling could be reached next week.

The S&P 500 and Nasdaq Composite surged on Thursday to reach their highest closing levels since August 2022 as Wall Street traders continued to focus on debt ceiling negotiations.

The leaders of the Group of 7 will gather in Hiroshima, Japan for the G-7 summit which opens today.

Japanese stocks marked their best week since October, with the Nikkei 225 index rising.

The index rose 0.77% to close at 30,808.35, maintaining its highest level since 1990, and the Topix index gained 0.18% to 2,161.69—marking its sixth consecutive winning streak. Japan's core inflation in April rose 3.4% year-on-year, remaining above the central bank's target.

Australia's S&P/ASX 200 edged up 0.59% to end the day at 7,279.5, while South Korea's Kospi rose 0.89% to close at 2,537.79 and the Kosdaq closed 0.27% higher at 841.72.

Meanwhile, mainland Chinese markets bucked the trend: Hong Kong's Hang Seng index fell 1.5% and the Shanghai Composite index declined 0.42% in mainland China, closing at 3,283.54. The Shenzhen Component index rose 0.12%, closing at 11,091.36.

Overnight in the US, all three major indexes rose for the second consecutive day, with the Nasdaq gaining 1.51% to reach a 52-week high, while the S&P rose 0.94%. The Dow Jones Industrial Average gained 0.34%.

Source: https://www.congluan.vn/chung-khoan-19-5-giam-sau-vi-gay-tru-post248385.html