**Market Liquidity Surges**
Market liquidity witnessed a significant increase compared to the previous trading session, with the成交量 (trading volume) hitting over 1 billion shares for the VN-Index, translating to a value of over VND 24,000 billion; while the HNX-Index recorded nearly 164 million shares, corresponding to a value of almost VND 3.5 trillion.
**VN-Index Plunges in Afternoon Session**
The VN-Index opened the afternoon session with a pessimistic investor sentiment, as the index remained consistently in the red. Subsequently, a sudden surge in selling pressure dragged the index down, leading to a close at its lowest point for the day. Notably, BID, VCB, CTG, and TCB were the stocks with the most negative impact, shaving off over 14 points from the index.
**Top Stocks Weighing on the Market (April 15, 2024)**
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**HNX-Index Mimics Negative Trend**
The HNX-Index followed a similar trend, with the index negatively impacted by stocks such as DXP (-9.93%), TNG (-9.87%), DTD (-9.86%), BVS (-9.84%), and others.
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**Red Dominates All Sectors**
Red dominated all industry groups, with green interspersed across the majority of real estate and stock market stocks. Notably, the securities sector experienced the steepest market decline at -6.94%, primarily driven by most stock codes in the sector, such as SSI (-6.92%), VND (-6.83%), VCI (-6.91%), and HCM (-6.95%). This was followed by the mining and plastic – chemical production sectors with declines of 6.92% and 6.08%, respectively.
**Foreign Investment Activity**
Foreign entities continued their net selling trend, offloading approximately VND 1.270 billion on the HOSE exchange, concentrated in stocks such as VHM (VND 268.48 billion), CTG (VND 208.23 billion), SSI (VND 83.74 billion), and VNM (VND 72.68 billion). On the HNX exchange, foreign entities bought a net total of VND 56 billion, primarily in IDC (VND 25.18 billion), SHS (VND 23.02 billion), and MBS (VND 16.9 billion).
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**VN-Index Plunges at 14:30, Stocks Fall Sharply**
14:30: Stocks hitting the floor, VN-Index drops vertically
*After 14:00, the VN-Index began a vertical drop, shedding more than 50 points to 1,223 points (as of 14:25).*
Red dominates the entire market. The number of stocks hitting the floor continues to increase. As of nearly 14:30, 80 stocks had hit the floor, with the most notable declines in the real estate sector. VIX, GEX, DBC, DIG, NVL, PDR, TCH… are currently the stocks hitting the floor with significant trading volumes.
**Morning Session: Sellers Maintain Pressure**
*The index started the morning session fairly well but was unable to sustain its momentum and quickly turned red. As of 11:30, the sellers had the upper hand, driving the index into negative territory. At the close, the VN-Index stood at 1,270.16 points, down 6.44 points, with very low liquidity and an expectation that it will remain below the 20-day average in this afternoon’s session.*
The top stocks in the VN30 that positively influenced the market during today’s session include SHB, GVR, VCB, and BID, contributing an increase of over 1.7 points, while the opposing group, including VHM, VIC, TCB, and MWG, contributed a decline of nearly 2.5 points. Additionally, the index’s red hue suggests pressure from mid- and small-cap stocks.
The number of stocks declining at this time has increased to 461, while the number of stocks gaining has reached only 201, less than half the number of declining stocks.
**VHM Contributes to Negative Market Impact**
Among the stocks negatively impacting the market, VHM had the most significant decline with 0.79 points; other stocks in the Vingroup family also declined similarly, with VIC being the second most negatively impactful stock on the market, followed by TCB, MWG, ACB…
**Banking Sector Shows Signs of Weakness**
In the banking sector, the faint green hues quickly faded, indicating intense competition between buyers and sellers, particularly in stocks such as TCB, VPB, ACB, HDB, TPB, and EIB. However, stocks such as VCB, BID, CTG, LPB, and SHB maintained their green hues until the end of the morning session.
**GVR Leads Plastic-Chemical Sector**
Stock GVR in the plastic-chemical sector experienced a strong surge, with a price increase of over 2.5% compared to other stocks in the industry. Other stocks such as DCM, DPM, BMP, and DPR also showed positive trends, albeit with modest gains.
**Selling Pressure Intensifies at 10:40**
*The less-than-optimistic sentiment is dominating the market, causing the major indices to continue fluctuating below the reference point. As of 10:30, the VN-Index had declined by 4.87 points, trading around 1,271 points. The HNX-Index had dropped by 1.02 points, trading around 240 points.*
The VN30 basket is largely dominated by red, with 22 decliners and only 3 gainers. Notably, strong selling pressure has eroded over 11.9 points from the index, primarily driven by MWG, VIC, VPB, and TCB, which have shed 1.56 points, 1.42 points, 1.38 points, and 1.11 points from the VN30-Index, respectively. Conversely, only 3 stocks, SHB, CTG, and GVR, have maintained their green hues, albeit with insignificant gains.
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