VN-Index reverses course, gaining over 50 points from its low.

(NLĐO) - The accounts of most individual investors holding real estate stocks still suffered heavy losses despite the market's sharp reversal at the end of the trading session.

Investors experienced an emotional trading session on May 20th, as the market, after a state of panic, unexpectedly reversed sharply at the end of the session thanks to aggressive bargain-hunting.

From the start of the session, the market traded cautiously around the 1,907 point mark. However, selling pressure quickly increased in the real estate and securities sectors, causing the VN-Index to continuously weaken.

At the close of the morning session, the VN-Index fell by more than 31 points, losing the 1,900-point mark as a series of real estate stocks hit their lower limit, such as DXG, NVL, TCH, HDC, HDG, all down nearly 7%; CEO lost 7.43%; DIG, CII, PDR all fell by more than 6%... Other stocks in the same sector also fell by 4% or more.

By early afternoon, pessimism spread, causing the VN-Index to drop to 1,859.22 points at one point, losing more than 50 points from its peak during the day.

Many individual investors were caught in the sell-off as a series of large-cap stocks plummeted. However, precisely when the market was at its most pessimistic, bargain-hunting demand unexpectedly surged in large-cap stocks. The recovery of leading stocks such asFPT , GAS, PLX, and GVR helped the index significantly narrow its decline.

At the close of trading, the VN-Index settled at 1,913.23 points, a slight increase of 0.3 points (+0.02%). Analysts consider the index's recovery of over 54 points from its low point to be a classic "shakeout" phase.

The total trading value across the market exceeded 31,600 billion VND, with over 1.18 billion shares changing hands, reflecting the continued influx of bargain-hunting capital waiting at lower price levels. (AI graphic)

In line with the trend, the Hanoi Stock Exchange also recorded positive developments at the end of the day. The HNX-Index increased by 1.83 points (+0.71%) to 261.33 points, while the UPCoM-Index decreased slightly by 0.77 points to 125.42 points.

The VN30 basket continued to support the market as many large-cap stocks recovered well towards the end of the day. Meanwhile, the overall market picture remained skewed towards the selling side. On the HoSE exchange, the number of declining stocks completely outnumbered the number of rising stocks, indicating that most investors were still under pressure from losses despite the successful reversal of the general index.

Although the benchmark VN-Index closed in positive territory, the overall picture clearly reveals the paradox of "green on the outside, red underneath".

The HoSE exchange recorded a staggering 239 declining stocks (completely overwhelming the 79 rising stocks and 48 unchanged stocks). This indicates that the accounts of the majority of individual investors holding midcap stocks, especially in the real estate sector, still suffered heavy losses despite the market's successful recovery.

Many real estate stocks plunged into the red, at times even approaching their floor price. DXG fell nearly 7%, DIG lost over 5%, while NVL, TCH, and CII also experienced sharp corrections. The securities sector fared no better, with SSI, VND, and VCI all facing significant selling pressure.

A notable positive point is the liquidity. The total trading value across the market exceeded 31,600 billion VND with more than 1.18 billion shares changing hands. This is a very high level of liquidity, reflecting that bargain-hunting capital is still waiting at lower price levels.

According to analysts, this development shows that the market still has fairly strong domestic demand. However, the increasingly clear divergence also serves as a reminder for investors to be more cautious in choosing stocks, instead of just expecting a recovery in the overall index.

While domestic investors traded actively, foreign investors maintained a relatively balanced buying and selling position. The value of purchases and sales was nearly equal, resulting in a very small net selling volume that did not significantly impact the overall market trend.

Source: https://nld.com.vn/vn-index-loi-nguoc-dong-hon-50-diem-tu-day-19626052015504935.htm