Against the world trend, VN-Index falls miserably

Stocks on April 14 opened with a strong tug of war. The selling side still dominated but the demand was quite stable so the VN-Index only decreased slightly. However, as the session progressed, the selling pressure became stronger, causing the VN-Index to fall sharply at the end of the week.

At the close of the stock market session on April 14, the VN-Index decreased by 11.41 points, equivalent to 1.07% to 1,052.89 points. The VN30-Index decreased by 11.24 points, equivalent to 1.05% to 1,063.43 points.

Selling pressure spread across the entire stock market on April 14, from small-cap to large-cap stocks. The entire floor had only 93 stocks increasing in price, 44 stocks remaining unchanged, and 303 stocks decreasing in price. The VN30 group had only 3 stocks increasing in price, 3 stocks remaining unchanged, and 24 stocks decreasing in price.

Despite strong gains in Asian and European stocks following new economic data from the US, the VN-Index still fell dramatically with high liquidity. Illustrative photo

The 3 rare blue-chips that increased in price in the April 14 stock market session were HPG, VCB and VRE. These are the 3 "representatives" of the steel, banking and real estate industries. HPG increased by 200 VND/share, equivalent to 1% to 20,650 VND/share. VCB increased by 200 VND/share, equivalent to 0.2% to 88,400 VND/share. VRE increased by 200 VND/share, equivalent to 0.7% to 28,600 VND/share.

Banking and real estate stocks continued to lead the market… down as many stocks fell sharply. PDR fell 600 VND/share, equivalent to 4.3% to 13,400 VND/share. TCB fell 1,300 VND/share, equivalent to 4.3% to 28,900 VND/share. STB fell 750 VND/share, equivalent to 2.8% to 25,700 VND/share,…

The VN-Index falling amid increased liquidity is a negative signal. The April 14 session recorded 787 million shares, equivalent to VND13,326 billion, successfully transferred. The VN30 group had 187 million shares, equivalent to VND4,365 billion, traded.

The stock market on April 14 recorded only 3 rare codes that successfully "overcame the storm" by hitting the ceiling. They were TIX, HRC and ABR. ABR increased by 610 VND/share to 9,460 VND/share. HRC increased by 3,400 VND/share to 53,100 VND/share. TIX increased by 2,250 VND/share to 35,000 VND/share.

On the Hanoi Stock Exchange, the indices declined more rapidly. At the close of the April 14 session, the HNX-Index fell 2.59 points, or 1.23%, to 207.25 points. The HNX30-Index fell 9.56 points, or 2.52%, to 370.01 points.

Liquidity on the Hanoi Stock Exchange also remained high. 112 million shares, equivalent to VND1,586 billion, were successfully traded.

Asia-Europe stocks green floor

In the stock market session on April 14, VN-Index went in the opposite direction to the world market. While VN-Index fell sharply, the main indexes of Asian and European stocks increased quite strongly.

Asia-Pacific markets were mostly up on Friday, following moves on Wall Street as U.S. producer price indexes signaled further signs of cooling inflation.

Japan's Nikkei 225 led the region's gains, rising 1.2% to end the day at 28,493.47, while the Topix gained 0.54% to close at 2,018.72. In Australia, the S&P/ASX 200 rose 0.51% to 7,361.6.

South Korea's Kospi closed up 0.38% at 2,571.49 and the Kosdaq rose 1.07% to 903.84 as North Korea issued a statement on its latest missile launch into waters between South Korea and Japan.

Hong Kong's Hang Seng Index rose 0.27%. In mainland China, the Shanghai Composite rose 0.6% to close at 3,338.15 and the Shenzhen Component rose 0.51% to 11,800.09.

Overnight in the US, all three major indexes rose, with the S&P 500 up 1.33%, its highest close since February. The Nasdaq Composite rose 1.99% and the Dow Jones Industrial Average rose 1.14%.

European markets were higher on Friday as traders continued to digest US data. Cooling inflation has raised expectations that the Federal Reserve will pause its current rate-hike cycle.

The pan-European Stoxx 600 index rose 0.4% in morning trade, with most sectors trading in positive territory. Healthcare stocks led the small gains, up 1%, while insurance stocks fell 0.9% to lead losses.

European stock markets closed higher on Thursday in a fourth straight rally following an extended Easter holiday.

Source: https://www.congluan.vn/chung-khoan-14-4-nguoc-chieu-the-gioi-vn-index-giam-the-tham-post243698.html