Cautious trading, VN-Index fluctuates in session on May 23

Investors’ cautious sentiment caused the overall market trading value to decline compared to yesterday. However, some stocks, thanks to information about expected future purchases, still increased well today.

After the previous adjustment session, entering the trading session on May 23, the market opened in a tug-of-war state with investors' cautious sentiment reflected through a clear differentiation between industry groups.

VN-Index maintained its green color in the first half of the morning session, then selling pressure became stronger and caused the index to reverse. In the afternoon session, the market fluctuated strongly. VN-Index only fluctuated around the reference level with continuous increases and decreases. Divergence occurred strongly among stock groups. Investors' caution caused market liquidity to decrease sharply compared to the previous session. Meanwhile, pressure from foreign investors also negatively affected investor sentiment.

At the end of the trading session, VN-Index increased by 0.62 points (0.05%) to 1,314.46 points. HNX-Index decreased by 0.47 points (0.22%) to 216.32 points. UPCoM-Index increased by 0.08 points (0.08%) to 96.22 points. The strong differentiation was shown by the equal number of increasing and decreasing codes. Specifically, today's session had 374 increasing codes, while 371 decreasing codes. The whole market had 49 codes hitting the ceiling but also 35 codes hitting the floor.

Top stocks affecting VN-Index on May 23.

In the VN30 group today, 15 stocks increased while 11 stocks decreased. However, the VN30 index still closed in red due to pressure from stocks such as BCM, MSN, TCB, VPB... TCB decreased by 1.15% today and took away 0.62 points from the VN-Index. VPB decreased by 1.1% and also took away 0.4 points. Meanwhile, VPL is not in the VN30 but is the stock that has the most negative impact on the VN-Index when taking away 0.74 points. At the end of the session, VPL decreased by 1.85%.

On the other hand, GAS increased sharply by 3.28% and was the stock with the most positive impact on the VN-Index, contributing 1.06 points. Stocks such as VHM, VIC, STB... also maintained green and helped support the general market. In addition, GEE and GEX increased sharply and also contributed to supporting the VN-Index. GEE hit the ceiling price of VND101,600/share, while GEX increased by 5.31% to VND33,700/share.

Small and mid-cap stocks such as PAN, BMP, TCH, DCM, DBC, IMP... also increased quite well in today's session. IMP increased by 2.8%. On May 22, Livzon Pharmaceutical Group Inc (China) announced the acquisition of a Vietnamese company. According to the announcement, an indirect subsidiary of Livzon Pharmaceutical Group and the seller signed a purchase agreement for a total of 99,839,990 IMP shares, accounting for 64.81% of the issued shares of Imexpharm Pharmaceutical Joint Stock Company (IMP). The number of shares signed in the transaction agreement includes 73,457,880 IMP shares owned by SK Investment; 15,026,784 IMP shares owned by Binh Minh Kim Investment Joint Stock Company; and 11,355,326 IMP shares owned by KBA Investment Joint Stock Company.

Some other stocks also recorded quite positive developments thanks to information about insider shareholder transactions. Ha Do Group (HDG) shares increased by 1.74% after information that General Director Nguyen Trong Minh registered to buy 4 million shares. Mr. Minh registered to buy HDG shares to increase his ownership from 0.21% to 1.4% of charter capital, the transaction is expected to be carried out from May 27 to June 25. Mr. Minh is the son of Mr. Nguyen Trong Thong, who has just resigned from the position of Chairman of the Board of Directors from October 3, 2024.

Foreign investors net sold again 137 billion VND on HoSE floor.

Market liquidity dropped sharply with total transaction value on HoSE reaching VND16,611 billion, down 37% compared to the previous session, of which order-matching transactions accounted for VND14,722 billion, down 41%. Transaction values ​​on HNX and UPCoM reached VND972 billion and VND536 billion, respectively.

Foreign investors net sold again VND137 billion on HoSE, in which, this capital flow net sold the most FPT code with VND127 billion. MSN and MWG were net sold VND108 billion and VND89 billion respectively. On the other hand, GEX was net bought the most with VND79 billion. Foreign investors also disbursed quite strongly in Vingroup stocks. In which, VHM and VIC were net bought VND68 billion and VND61 billion respectively.

Source: https://baodautu.vn/giao-dich-than-trong-vn-index-giang-co-trong-phien-235-d289008.html