How did PC1 shares perform on May 18th?

On Monday, May 18th, following the news that seven leaders and key personnel of PC1 Group Joint Stock Company (stock code: PC1) had been prosecuted, PC1 shares initially fell to the floor price of 16,650 VND/share. However, the decline later narrowed.

At the close of trading on the Ho Chi Minh City stock exchange, PC1 shares stood at 17,650 VND per share, down 200 VND, or 1.1%. Trading volume reached over 23.6 million shares.

This marks the third consecutive day of price declines for PC1. In the two previous sessions, the stock lost 0.55% and 1.1% respectively.

PC1 shares fell by 200 VND/share on May 18th. (Screenshot)

For most of the trading session, strong selling pressure kept the VN-Index in the red. However, improved buying demand towards the end of the session helped the index reverse course and rise.

At the close of trading, the VN-Index stood at 1,927.94 points, up 6.34 points, or 0.33%. Meanwhile, the VN30-Index fell 4.21 points to 2,046.37 points.

The market was in a mixed state, with declining stocks dominating, with 178 stocks falling and 135 rising. Within the VN30 basket, the number of gainers and losers was 13 and 16 respectively.

The banking sector was the main support for the market, with VCB contributing the most to the VN-Index with 4.62 points, followed by BID with 3.83 points and CTG with 0.84 points.

Energy stocks continued to trade positively, contributing to the market's upward momentum. GAS and BSR contributed 1.92 and 1.9 points respectively to the VN-Index. Meanwhile, PLX surged to its ceiling price, adding another 0.85 points to the index.

In addition, several other stocks also supported the market, such as GVR and VPL. Notably,FPT shares rebounded by 2,000 VND/share, contributing 0.74 points to the VN-Index.

In addition, insurance stocks also performed positively, with most stocks rising in price; in particular, BVH hit its ceiling price, contributing 0.78 points to the VN-Index.

HRC extended its streak of hitting the ceiling price to 8 consecutive days, closing at 58,900 VND per share.

Conversely, VIC and VHM exerted the greatest pressure on the market, deducting 4.88 points and 3.4 points from the VN-Index, respectively. Another VinGroup stock, VRE, deducted 0.42 points. In addition, MWG, TCX, ACB, MSN, STB, MCH, and MBB hampered the market's upward momentum.

Total market liquidity reached nearly 27,000 billion VND. Foreign investors continued to be net sellers, buying nearly 2,300 billion VND but selling over 2,900 billion VND.

On the Hanoi Stock Exchange, at the close of trading, the HNX-Index stood at 259.25 points, up 1.83 points (0.71%); the HNX30-Index rose 4.57 points (0.86%), reaching 536.17 points. Nearly 2 trillion VND worth of shares changed hands across the entire exchange.

Source: https://hanoimoi.vn/phien-18-5-co-phieu-pc1-dien-bien-ra-sao-750504.html