VN-Index loses nearly 30 points

Illustrative image.

After a sharp decline in the morning session, the stock market showed clear signs of recovery in the afternoon. However, demand was not strong enough to reverse the trend, causing the indices to only partially narrow their losses.

At the close of trading on January 15th, the VN-Index fell 29.64 points to 1,864.8 points. The HNX-Index also declined slightly by 0.16 points to 253.16 points, while the UPCOM-Index bucked the trend, rising 1.19 points to 126.08 points. Liquidity remained high with over 1.4 billion shares traded, equivalent to a value of nearly 44,400 billion VND.

The entire market recorded 438 gainers; of which, 46 hit the ceiling price, distributed across various sectors such as banking (STB, HDB), oil and gas (PLX), electrical equipment (GEE), chemicals (PHR), mining and metallurgy (TVN), software (ELC, CMG), insurance (BVH, PVI, MIG) and industrial machinery (VEA).

Conversely, 347 stocks declined, including 13 that hit the lower limit. Notably, BID shares faced strong selling pressure. Some other large-cap stocks like VHM managed to recover at the end of the session, thus avoiding further declines.

Despite the overwhelming number of rising stocks compared to falling stocks, the VN-Index still lost nearly 30 points, indicating that the main pressure came from large-cap stocks.

The group of stocks with the most negative impact on the VN-Index continued to be the blue-chip stocks. VIC fell 4.49 points, followed by VCB down 5.39%, BID hitting the floor limit, VHM down 4.99%, CTG down 3.5%, and GAS down 3.74%.

From a positive perspective, not all investors suffered heavy losses. In fact, 14 out of 23 sectors saw gains today, notably telecommunications, insurance, industrial goods, transportation, and raw materials. The flow of money continued to show a clear divergence, particularly favoring mid-cap stocks.

Regarding foreign investor transactions, they sold net over 1,000 billion VND, marking the third consecutive net selling session. MSN, VCI, SSI, and VIX were the stocks with the strongest net selling, while VIC and VCB saw significant net buying from foreign investors despite their share prices falling.

The market correction after the VN-Index approached the 1,900-point mark was considered a predictable scenario. Given the strong divergence in capital flows and the continued pressure from large-cap stocks, caution remains the top priority for investors.

Source: https://vtv.vn/vn-index-mat-gan-30-diem-100260115183916313.htm