Market mixed, VN-Index slightly declined on May 9th.

In the previous session, the VN-Index recorded a gain of 19.43 points (1.55%) to 1,269.80 points, surpassing the strong resistance level around 1,265 points. Entering the trading session on May 9th, the market continued its positive trend. After a relatively favorable start, the market experienced some volatility as it approached a key resistance level. Many key stocks failed to maintain their momentum and underwent corrections, causing the indices to fluctuate.

The strong divergence observed across many stock sectors, especially among blue-chip stocks, caused the overall market to fluctuate. Improved liquidity this morning indicates that the supporting capital flow remains relatively strong.

After the lunch break, strong divergence continued, with selling pressure slightly outweighing selling pressure, pushing the VN-Index below the reference level. Investors became more cautious again, resulting in decreased market liquidity during the afternoon trading session.

At the close of trading, the VN-Index fell 2.5 points (-0.2%) to 1,267.3 points. The HNX-Index fell 1.08 points (-0.5%) to 214.13 points. The UPCoM-Index rose 0.42 points (0.45%) to 93.4 points.

Top stocks impacting the VN-Index on May 9th.

Market divergence was evident, with 353 stocks rising and 396 falling. The market continued to experience significant volatility, with 48 stocks hitting their upper limit while 24 stocks hit their lower limit.

Within the VN30 group, although the number of rising stocks was less than the number of falling stocks, the VN30-Index still maintained its positive momentum thanks to support from stocks such as LPB, TCB, STB,FPT , and SAB. LPB, in particular, rose by 4.4% and was the most significant contributor to the overall VN-Index gain, adding 1.03 points. Additionally, FPT increased by 1.5%, contributing 0.59 points.

Conversely, VIC was the biggest loser for the VN-Index, taking down 1.82 points. At the close of trading, VIC fell 2.55%. In addition, after yesterday's unexpected surge, PLX reversed course and fell 1.54% today. Stocks like BVH, BID, VCB, BCM… also all ended in the red. The securities sector continued its negative trend, similar to recent sessions. Specifically, VDS fell 1.7%, SHS 1.6%, VCI 1.4%, and FTS 1.3%.

In the mid- and small-cap stock group, capital flows continued to favor these stocks, leading to good gains for many. Several small-cap stocks were pushed to their ceiling prices, such as QCG and ITC. HAR rose by over 2%, HQC by 1.8%, and DXG also increased by nearly 1%.

However, weakness also occurred in many stocks in this group. For example, TCH fell by 2.75%. Hoang Huy Financial Services Investment Joint Stock Company approved a plan to offer additional shares to existing shareholders at its general meeting held today. According to the issuance plan, the company will offer 200.4 million shares to existing shareholders, equivalent to 30% of the outstanding shares, expected to increase the company's charter capital to VND 8,682 billion.

With an offering price of VND 10,000 per share, the company will raise a maximum of nearly VND 2.005 billion from the aforementioned issuance. Specifically, the company plans to use VND 1.200 billion to invest in the Hoang Huy Green River new urban area project in Hoa Dong ward, Thuy Nguyen city, Hai Phong city; the remaining VND 804.65 billion will be invested in the H2 apartment building of the Hoang Huy Commerce project in Kenh Duong and Vinh Niem wards, Le Chan district, Hai Phong city.

Foreign investors resumed net selling after a four-session streak of net buying.

Market liquidity decreased compared to the previous session. The total trading volume on HoSE reached 756 million shares, equivalent to a trading value of VND 17,310 billion (down 9.4%), of which matched order transactions accounted for VND 15,850 billion (down 12.65%). The trading value on HNX and UPCoM reached VND 857 billion and VND 475 billion respectively.

Foreign investors returned to net selling of VND 88 billion on the HoSE exchange after four consecutive net buying sessions. The strongest net selling was in VCB shares, totaling VND 184 billion. VNM and NVL were also subject to net selling of VND 134 billion and VND 90 billion respectively. Conversely, FPT was the most heavily bought stock with VND 70 billion. MBB, HPG, and PNJ were all bought net by more than VND 60 billion.

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