Market liquidity decreased compared to the previous trading session, with the VN-Index‘s matched trading volume reaching over 593 million shares, equivalent to a value of more than 14 trillion VND. The HNX-Index reached nearly 89 million shares, equivalent to a value of more than 1.7 trillion VND.
The VN-Index opened the afternoon session with a recovery from the lowest point of the morning session, with strong fluctuations between buying and selling forces, but the negative pressure was still quite high, causing the index to continue to sink into the red and close below the reference level. In terms of impact, VCB, VHM, BID, and VPB were the codes with the most negative impact, taking away more than 2.4 points from the index. On the other hand, FPT, PDR, and CMG were the codes with the most positive impact on the VN-Index, with an increase of more than 0.57 points.
| Top 10 stocks affecting the VN-Index on May 10, 2024 |
The HNX-Index moved in the opposite direction, with the index positively impacted by the codes PVS (3.29%), BVS (7.82%), SHS (1.06%), PVI (1.22%), etc.
|
Source: VietstockFinance
|
At the end of the session, the market decreased by 0.32%. The seafood processing industry recorded the sharpest decline in the market at -1.56%, mainly due to the codes VHC (-1.91%), ANV (-1.61%), and ASM (-0.85%). This was followed by the agricultural, forestry, and fishery industry and the household goods manufacturing industry, with decreases of 1.01% and 0.73%, respectively. On the other hand, the mining industry witnessed the strongest recovery, with an increase of 1.64%, mainly driven by the codes PVS (+3.29%) and PVD (+1.42%).
In terms of foreign trading, foreigners continued to sell a net amount of more than 418 billion VND on the HOSE exchange, focusing on the codes VHM (179.02 billion), DGC (61.16 billion), VPB (52.32 billion), and VCI (45.85 billion). On the HNX exchange, foreigners bought a net amount of nearly 29 billion VND, focusing on the codes SHS (14.14 billion), PVS (11.77 billion), and MBS (6.08 billion).
| Foreign net buying/selling activities |
Morning session: Large-cap stocks dragged the VN-Index down sharply
After a tug-of-war around the reference level in the first half of the morning session, the VN-Index plummeted quite negatively. At the same time, net selling by foreigners showed no signs of stopping, making the situation even more pessimistic. The morning session ended with the VN-Index down 8.76 points, or 0.7%. The HNX decreased by 1.19 points, or 0.51%.
The trading volume of the VN-Index recorded in the morning session reached more than 248 million units, with a value of more than 6.1 trillion VND. The HNX-Index recorded a trading volume of over 38 million units, with a trading value of over 636 billion VND.
As of 11:30 am, most of the stocks in the VN30 basket were facing strong selling pressure. Specifically, VIC, HPG, VCB, and MWG took away 0.7 points, 0.56 points, 0.54 points, and 0.45 points from the overall index, respectively. Many large-cap sectors also turned red during the morning session. Typically, the retail, construction materials, mining, real estate, and banking sectors showed negative performance.
The retail group was the most negatively impacted sector by the end of the morning session, with all stocks in the group trading in the red. Large-cap stocks such as MWG fell by 2.21%, and FRT decreased by 1.68%. In contrast, PNJ maintained its positive performance with a gain of 0.41%.
Following the retail sector, the seafood processing industry also performed pessimistically. This was mainly due to stocks such as VHC, which fell by 1.53%, ANV decreased by 2.09%, ASM dropped by 1.28%, FMC declined by 1.12%, and IDI fell by 1.28%.
The continuous net selling by foreigners partly led to the negativity of the VN-Index in the morning session. FPT, HPG, VHM, and MWG were the stocks that foreigners net sold the most, as they accounted for a significant proportion compared to the stocks below them, such as VCI, TPB, GMD, and DGC. Following were stocks such as KBC, VNM, DXG, and HSG, which were also net sold by foreigners but at lower levels.
10:40 am: Continuing to tug-of-war around the reference level
The buying and selling forces in the market were quite balanced, so the main indices could not break through. As of 10:40 am, the VN-Index slightly decreased by 3.48 points, trading around 1,245 points. The HNX-Index slightly increased by 0.02 points, trading around 234 points.
Stocks in the VN30 basket were mostly trading in the red, with only a few codes maintaining positive performance. Specifically, MWG, TCB, HDB, and HPG took away 0.34 points, 0.33 points, 0.31 points, and 0.31 points from the overall index, respectively. On the other hand, FPT, VNM, MBB, and TPB were among the few codes that maintained positive performance, but the increase was not significant.
 Source: VietstockFinance
|
The retail and securities sectors were facing strong selling pressure, with large-cap stocks such as MWG falling by 0.85% and FRT decreasing by 0.78%. Similarly, securities stocks such as VCI fell by 0.52%, HCM dropped by 0.53%, SHS decreased by 0.53%, and FTS fell by 0.5%. Only a few codes, such as ORS, AGR, and TVS, maintained positive performance.
On the other hand, the insurance sector was supporting the market’s upward trend, with contributions from representative codes such as BVH, which increased by 0.12%, PVI rose by 1.83%, and VNR gained 1.24%…
Following the insurance sector, the information and technology sector also recorded impressive gains. Notably, ELC and SGT hit the ceiling price, while FPT increased by 0.23%, and CMG rose by 4.15%.
In addition, from a technical perspective, the ELC stock price has surged recently, forming a White Marubozu candlestick pattern accompanied by a sudden increase in trading volume, surpassing the 20-day average. Additionally, the ELC price is closely following the upper band of the Bollinger Bands, while MACD and Stochastic Oscillator continue to rise after generating buy signals, further reinforcing the long-term upward trend.
Source: https://stockchart.vietstock.vn/
|
Compared to the opening, buyers and sellers were engaged in a fierce tug-of-war, with over 950 codes standing still and a relatively balanced market, as the number of declining codes was 302 (including 14 codes hitting the floor price), while the number of advancing codes was 299 (including 32 codes hitting the ceiling price).
Source: VietstockFinance
|
9:30 am: Information and technology group continues to lead
The VN-Index opened the morning session with a slight increase, mainly contributed by the information and technology group.
The information and technology group made the most significant contribution, with an increase of 1.17%. Leading the group were stocks such as CMG, which rose by 6.68%, FPT increased by 0.92%, and ELC gained 4.43%. On the other hand, the stock CTR fell slightly by 0.53%.
Following was the accommodation and food services group, which maintained a stable increase from the beginning of the session, with representative stocks such as NVT, which rose by 4.32%, and TTT, which increased by 1.46%.
In addition, the wholesale sector also contributed to the market’s point increase, with stocks such as PLX (+0.5%), PET (+1.21%), and PSH (+6.97%).
