VN-Index 'drops' historical peak of 1,500 points

Specifically, at the end of the morning session, VN-Index increased by 10.67 points to 1,500.68 points, officially conquering an important psychological milestone after more than 3 years since April 2022.

However, the index quickly faced correction pressure. At the end of the session, the VN-Index increased by 7.27 points (0.49%) to 1,497.28 points, falling below this mark.

Meanwhile, the HNX-Index increased by 1.68 points (0.68%) to 247.77 points and the UPCoM-Index increased by 0.53 points (0.51%) to 104.74 points.

In the morning session, real estate stocks were the main driving force. Of which, VHM contributed the most increase in the first half of the morning. In addition, NVL and CEO had a time when they hit the ceiling with high liquidity. Securities stocks also contributed. The most prominent was VIX, which at times hit the ceiling with active cash flow.

However, after 11am, the market was under heavy selling pressure, causing the general index to gradually fall below the reference level before the lunch break. Vingroup 's VIC stock was the factor that weighed down the market the most. In addition, the general index was also affected by banking pillar stocks such as CTG, BID and VCB.

VN-Index conquers the 1,500 point mark. (Screenshot).

At the end of the session, VIC lost 2.5%, a series of codes also adjusted including DXG down 1.8%, PDR down 1.7%, HDG down 1.6%, NLG and HDC both down 1.6%, AGG down 1.1%, VRE down 1.1%.

However, there are still some actively traded codes such as DXS, HQC, QCG hitting the ceiling, CEO up 7.6%, LDG up 4.4%, L14 up 3.9%...

Cash flow pivoted to banking stocks, helping this group become the main support in the afternoon session. PGB increased the most in the group with 9.2%, followed by STB increasing by 5.2%, TCB increasing by 3.1%, LPB increasing by 2.8%, EVF increasing by 2.5%, EIB increasing by 2.4%, VPB increasing by 2.2%, MBB increasing by 1.7%...

Stocks generally closed around the reference, except for VIX, which hit the ceiling with liquidity exceeding 65 million units. Some other codes also traded well, such as EVS up 6.2%, SBS up 3.5%, MBS up 3.1%, IVS up 3%...

Oil and gas group rebounded after an accumulation period. PVC increased by 2.6% to VND11,900/share, PVS increased by 2.4%, PVD increased by 2.2%, BSR and PVB both increased by 1.9%,...

Market liquidity improved significantly in the afternoon session with more than 1.78 billion shares traded, equivalent to VND40,270 billion. HoSE alone recorded a matched order value of nearly VND36,000 billion, up nearly 3% compared to the previous session.

Foreign transactions continued to be negative when they sold net for the second consecutive session with a value of more than 100 billion VND on HoSE. FPT was sold the most with a value of 186 billion VND, followed by VCB (97 billion VND), GEX (83 billion VND)...

On the contrary, foreign capital flows focused on disbursing into MSN (264 billion VND), VPB (115 billion VND), SSI (98 billion VND)...

Ngoc Vy

Source: https://vtcnews.vn/vn-index-danh-roi-dinh-lich-su-1-500-diem-ar955074.html