Strong fluctuations in the stock market

Today (15/3), VN-Index fluctuated by 13 points, with a surge in the afternoon ATC session, although the gains were not sustained. The market had already anticipated the portfolio restructuring by ETF funds and market movements, especially during the ATC session (although the volatility was not significant).

The market showed clear differentiation, with 249 stocks on HoSE declining, overshadowing the 217 gainers. In the VN30 basket, the red color also dominated with 15 decliners. Trading volume increased slowly in the afternoon session, as this was the time when stocks purchased during the strong rally on February 13 were transferred to investors’ accounts. The State Bank continued to issue 15,000 billion dong of bonds, increasing the total amount of bonds issued from March 11-14 to 60,000 billion dong, resulting in cautious trading in the market accordingly.

The most negative impact on the index came from VIC and VCB, taking away nearly 1.5 points. VNM, VHM, HPG, FPT… added further pressure. On the other hand, GVR became the main support pillar, contributing 1.7 points to the VN-Index. The following stocks such as GAS, BID, VIB, MBB, CTG did not have a major impact with only slight price increases.

The largest market cap group, the banking sector, also showed differentiation. EIB stocks fell slightly by 0.6% while this bank continues to be mentioned in credit debt events, with the amount of debt increasing from 8.5 million dong to 8.8 billion dong.

Despite the widespread red color, money still poured into real estate stocks, with a trading value of over 7,400 billion dong. DIG attracted attention with a trading volume of nearly 2,000 billion dong, double that of the stock following it, HPG. DIG closed at 28,500 dong per share, up 3.64%. On March 20, DIG will finalize the list of shareholders attending the annual general meeting in 2024, expected to be held in April in Ba Ria-Vung Tau.

With the differentiation in market movements, sectors such as securities and retail both recorded dominant selling pressure. The market showed notable trading activity in the rubber industry, with CSM, GVR, DPR, SRC, DRC all in the green.

Foreign investors made a sudden net sell of 1,353 billion dong in the ETF restructuring session, focusing on HPG, VHM, VND, VIC, VNM, VCB…

At the end of the trading session, VN-Index decreased by 0.48 points (0.04%) to 1,263.78 points. HNX-Index decreased by 0.14 points (0.06%) to 239.54 points. UPCoM-Index decreased by 0.27 points (0.29%) to 91.35 points. Trading volume slightly decreased with a total trading value on HoSE reaching over 26,000 billion dong.