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Source: VietstockFinance
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VN-Index closed on July 30 at 1,245.06 points, down 1.54 points; HNX at 235.87 points, down 1.65 points; UPCoM at 95.24 points, down 0.22 points. The market breadth was tilted towards decliners, with 444 stocks in the red and 28 hitting the daily limit down, while only 269 advanced and 23 hit the daily limit up. Notable losers today included DBC, LIG, CMX, HBC, SMC, alongside other heavily traded stocks such as VIX, MBB, and HNG which also witnessed significant declines.
In terms of sector performance, healthcare services and equipment stocks witnessed the steepest declines, dragged down by TNH falling 2.82%, AMV down 3.03%, and BBT losing 6.17%.
Additionally, several other sectors witnessed declines of over 1%, including media and entertainment, financial services, and energy.
On the flip side, the semiconductor sector led the gainers, propelled by a 12.8% surge in VBH, followed by telecommunications stocks which were boosted by a 3.65% jump in VGI and a 3.27% rise in SGT.
Trading volume picked up in the afternoon session, indicating increased market activity. Total trading value for the day exceeded 15,722 billion VND, significantly higher than the previous session.
| HOSE Liquidity on July 30, 2024 |
Foreign investors offloaded a net amount of nearly 274 billion VND today, with selling pressure spread across various stocks, notably HVN, HAH, POW, PDR, VPB, DCM, and VHM. Meanwhile, strong buying in VNM (135 billion VND) and MSN (66 billion VND) failed to offset the selling pressure. This marked the second consecutive session of net selling by foreign investors.
14:10 Quick Update: Sharp Decline After a Brief Rally
The afternoon session began with a brief rally that pushed the VN-Index back into positive territory, but selling pressure quickly resurfaced, sending the index back into the red. VCB is currently the main pillar of support for the index.
Several large-cap stocks are striving to maintain market balance and prevent further losses in the VN-Index. The top 10 stocks with the most positive impact contributed nearly 2.7 points, led by VCB, followed by VNM, HPG, and VPB. Conversely, the top 10 stocks with the most negative impact dragged down the index by nearly 2 points.
 Source: VietstockFinance
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However, broad-based selling pressure continued to weigh on the index, especially after 13:20. As of 14:00, there were 494 declining stocks and 24 at the daily limit down, overwhelming the 204 gainers and 21 at the daily limit up. The VN-Index fell 4.59 points to 1,242.01 points, the HNX dropped 1.71 points to 235.81 points, and UPCoM slipped 0.41 points to 95.05 points.
Sector-wise, only semiconductors, telecommunications, specialized services, and trade were in positive territory, while food retail and staples traded sideways, and all other sectors declined.
Morning Session: Attempt to Recover Failed
After an initial decline, the market attempted to recover but failed to reach the reference level. The VN-Index ended the morning session down 1.13 points at 1,245.47 points, the HNX fell 0.84 points to 236.68 points, and UPCoM slipped 0.11 points to 95.35 points.
The market breadth was negative, with 391 decliners and 16 at the daily limit down, compared to 226 gainers and 22 at the daily limit up.
Most sectors ended in negative territory, with healthcare leading the losses, down 1.72%, followed by specialized services and trade, down 1.56%, and energy, down 1.24%.
Among the few sectors in positive territory, semiconductors stood out with a 4.24% gain, and telecommunications rose 2.75%.
Large-cap stocks tried to limit the losses in the VN-Index. The top 10 stocks with the most positive impact contributed over 2.6 points, led by VCB, followed by VNM, HPG, and VPB. Conversely, the top 10 stocks with the most negative impact dragged down the index by nearly 2 points.
Foreign investors were net sellers in the morning session, offloading a net amount of nearly 229 billion VND. Selling pressure was spread across various stocks, including FPT, VPB, HAH, and HPG, while buying was concentrated in VNM, which saw strong net buying of nearly 86 billion VND, but it was not enough to offset the selling pressure.
10:35 Market Update: Lackluster Performance, Telecommunications and Semiconductors Buck the Trend
As of 10:30, the market remained lackluster despite attempts to recover. All three indices were in negative territory, and declining sectors outnumbered advancing ones. However, telecommunications and semiconductor stocks stood out by bucking the downtrend and even posting strong gains.
Currently, the VN-Index is down 1.09 points at 1,245.51 points, the HNX has slipped 0.12 points to 237.40 points, and UPCoM is down 0.02 points to 95.44 points. Trading volume is unremarkable compared to the previous session and the 5-day average.
Semiconductors and semiconductor equipment stocks are up 4.24%, led by a 12.8% surge in VBH. Telecommunications stocks are also witnessing a strong rally, up 3.82%, driven by a 4.86% jump in VGI, a 1.82% rise in SGT, and a modest 0.82% gain in FOX.
Market Open: Selling Pressure from Financial and Real Estate Stocks Weighs on VN-Index
The market opened on July 30 with a mixed performance across sectors. Selling pressure in financial and real estate stocks dragged down the index. By 9:20, the VN-Index had fallen more than 3 points to 1,243.3 points.
FPT‘s decline is having the most significant impact on the VN-Index. Additionally, banks stocks are mostly trading in negative territory, contributing to the index’s decline. TCB, ACB, CTG, MBB, and SSB are among the drags on the index.
However, not all bank stocks are having a negative impact. BID, VPB, and OCB are among the top contributors to the VN-Index‘s gains.
In the real estate sector, decliners outweigh advancers, with VIC, VRE, and VHM trading in the red. Several other stocks, including TCH, NVL, VPI, DIG, and PDR, are also in negative territory. Meanwhile, NTL is up 3%. Notably, QCG hit the daily limit up after being rescued from delisting yesterday, ending its five-day losing streak.
HBC, facing delisting, plunged to the daily limit down in early trading, with nearly 6.7 million sell orders at the limit price as of 9:25.
