Market Divergence, VN-Index Slightly Decreased in Session 9/5

The VN-Index recorded an increase of 19.43 points (1.55%) in the previous session to 1,269.80 points, surpassing the strong resistance zone around 1,265 points. Entering the trading session on May 9, the market recorded a continued positive trend. After a fairly favorable start, the market experienced a shake-up as it approached an important resistance level. Many pillar stocks could no longer maintain the excitement and made adjustments, which caused the indices to fall into a state of shaking.

The strong divergence in many stock sectors, especially the pillar stocks, has caused the general market to fluctuate. Liquidity has improved somewhat in this morning's session, showing that the supporting cash flow is still relatively good.

After the lunch break, the strong divergence continued, with selling pressure slightly higher, pulling the VN-Index back below the reference level. Investors became somewhat cautious again, so market liquidity decreased in the afternoon trading session.

At the end of the trading session, VN-Index decreased by 2.5 points (-0.2%) to 1,267.3 points. HNX-Index decreased by 1.08 points (-0.5%) to 214.13 points. UPCoM-Index increased by 0.42 points (0.45%) to 93.4 points.

Top stocks affecting VN-Index session 9/5.

The market differentiation was evident when the entire market had 353 stocks increasing and 396 stocks decreasing. The market still recorded many stocks with strong fluctuations when 48 stocks increased to the ceiling while 24 stocks decreased to the floor.

In the VN30 group, although the number of stocks increasing was less than the number of stocks decreasing, the VN30-Index still maintained its green color thanks to the support from stocks such as LPB, TCB, STB, FPT , and SAB. Of which, LPB increased by 4.4% and was the most important stock contributing to supporting the entire VN-Index with 1.03 points. In addition, FPT increased by 1.5% and also contributed 0.59 points.

In the opposite direction, VIC was the name that took away the most points from VN-Index with 1.82 points. At the end of the session, VIC decreased by 2.55%. Besides, after yesterday's unexpected breakout session, PLX today reversed and decreased by 1.54%. Codes such as BVH, BID, VCB, BCM... were also in red. The group of securities stocks still fluctuated somewhat negatively like recent sessions. Of which, VDS decreased by 1.7%, SHS decreased by 1.6%, VCI decreased by 1.4%, FTS decreased by 1.3%...

In the group of small and medium-cap stocks, cash flow is still directed and helps many stocks have good growth. Some small-cap stocks were pulled up to the ceiling price such as QCG, ITC. HAR increased by more than 2%, HQC increased by 1.8%, DXG also increased by nearly 1%.

However, weakness also occurred in many stocks in this group. Typically, TCH decreased by 2.75%. Hoang Huy Financial Services Investment Joint Stock Company has approved the plan to offer additional shares to existing shareholders at the general meeting of shareholders held today. According to the issuance plan, the company will offer 200.4 million shares to existing shareholders, equivalent to 30% of the number of outstanding shares, expected to increase the company's charter capital to VND8,682 billion.

With an offering price of VND10,000/share, the company will collect a maximum of nearly VND2,005 billion from the above issuance. Specifically, the company plans to use VND1,200 billion to invest in the new urban area project Hoang Huy Green River in Hoa Dong ward, Thuy Nguyen city, Hai Phong city; the remaining VND804.65 billion will be invested in the H2 apartment building of the Hoang Huy Commerce project in Kenh Duong ward and Vinh Niem ward, Le Chan district, Hai Phong city.

Foreign investors returned to net selling after a 4-session net buying streak.

Market liquidity decreased compared to the previous session. The total trading volume on HoSE reached 756 million shares, equivalent to a trading value of VND17,310 billion (down 9.4%), of which order-matching transactions accounted for VND15,850 billion (down 12.65%). The trading value on HNX and UPCoM reached VND857 billion and VND475 billion, respectively.

Foreign investors returned to net selling VND88 billion on HoSE after 4 consecutive net buying sessions. Of which, this capital flow net sold the most VCB code with VND184 billion. VNM and NVL were net sold VND134 billion and VND90 billion respectively. In the opposite direction, FPT was the strongest net bought with VND70 billion. MBB, HPG and PNJ were all net bought over VND60 billion.

Source: https://baodautu.vn/thi-truong-phan-hoa-vn-index-giam-nhe-trong-phien-95-d280942.html