VN-Index continues to slide.

Increased selling pressure on large-cap stocks, especially real estate stocks, dragged the VN-Index down nearly 7 points on June 12, further moving it away from the psychological 1,800-point mark.

Red remains the dominant color on the electronic scoreboard. Photo: Viet Linh .

The Vietnamese stock market continued its lackluster trading session on June 12th, with cautious sentiment prevailing and no signs of capital returning. After a slight correction in the previous session, the VN-Index opened higher today thanks to support from some banking stocks, helping the index maintain balance for most of the morning trading session.

However, the positive trend did not last. In the afternoon session, increased selling pressure on large-cap stocks, especially in real estate, consumer goods, and construction/public investment, caused the market to quickly reverse. Many leading stocks weakened simultaneously, causing the VN-Index to lose all its gains and fall significantly below the reference level.

Market liquidity improved compared to the very low levels of the previous session, but it was still not enough to create momentum for a sustainable recovery. Overall, capital remained on the sidelines, reflecting investor caution amidst a lack of strong leading stocks. The total trading value across the three exchanges reached only about 18,000 billion VND , continuing to be low compared to the average of recent months.

At the close of trading, the VN-Index fell 6.96 points (-0.4%) to 1,791.65 points. Meanwhile, the HNX-Index bucked the trend, rising 2.4 points (+0.8%) to 302.49 points, while the UPCoM-Index declined slightly by 0.06 points (-0.1%) to 126.35 points.

Today's market continued to be heavily skewed towards sellers, with 400 stocks declining (including 24 hitting the floor price), 854 stocks remaining unchanged, and 299 stocks rising (including 34 hitting the ceiling price).

Within the VN30 index, the upward trend still slightly prevailed with 14 stocks rising, 4 remaining unchanged, and 12 falling. However, pressure from large-cap stocks caused the index representing the group to fall by nearly 3 points to 1,944 points.

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The VN-Index continues to drift further away from the 1,800-point mark. Photo: TradingView.

The main source of pressure on the market continued to be the Vingroup ecosystem of stocks. VHM, in particular, fell 4%, becoming one of the stocks that contributed most to the decline in the VN-Index. Similarly, VPL dropped 3.2%, VRE fell 1.9%, and VIC fell 0.3%.

Besides the "Vingroup" group, many other large-cap stocks also traded poorly today, such as BID (-0.9%), GEE (-2.9%), LPB (-1.2%), GVR (-1.1%), BVH (-2.8%), and GEX (-3.3%).

Conversely, GAS shares stood out with a 3.2% increase, becoming the most positive contributor to the index. The banking sector and other large-cap stocks also recorded some bright spots such as TCB (+1.3%), VJC (+1.9%), TPB (+3.2%), MSB (+2.7%), VCK (+1.2%), MBB (+0.4%),SHB (+1.1%), FPT (+0.6%), and VIB (+1.3%).

Foreign investors increased their trading volume today but maintained a strong net selling position with a value of over 500 billion VND across the entire market. Selling pressure was mainly concentrated on VIC with a net selling value of 88 billion VND, VHM ( -77 billion VND ) and MBB ( -58 billion VND ).

On the buying side, foreign investors made relatively modest disbursements at SHB with a net purchase value of VND 53 billion ,FPT VND 52 billion , and ACV VND 48 billion.

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Source: https://znews.vn/vn-index-truot-dai-post1659138.html