|
Source: VietstockFinance
|
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 stocks advanced and 23 hit the daily limit up. Some notable losers today included DBC, LIG, CMX, HBC, SMC, among others, while many closely watched stocks also fell sharply, such as VIX, MBB, and HNG.
In terms of sector performance, healthcare services and equipment stocks witnessed the steepest declines, dragged down by TNH, which fell 2.82%, AMV, down 3.03%, and BBT, which plunged 6.17%.
Additionally, several other sectors dropped over 1%, including media and entertainment, financial services, and energy.
On the flip side, the semiconductor sector led the gains, 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, including HVN, HAH, POW, PDR, VPB, DCM, and VHM, among others. 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 Rise, Sudden Fall
The afternoon session began with a surge that pushed the VN-Index back into positive territory, but selling pressure quickly emerged, 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 balance and prevent further declines in the VN-Index, with the top 10 most influential stocks contributing almost 2.7 points to the index, led by VCB, followed by VNM, HPG, and VPB. Conversely, the bottom 10 stocks dragged the index down by nearly 2 points.
 Source: VietstockFinance
|
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, far outnumbering 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 the UPCoM lost 0.41 points to 95.05 points.
Sector-wise, only semiconductors, telecommunications, specialized services, and trade stocks were in the green, while food retail and staples remained unchanged. All other sectors ended in negative territory.
Morning Session: Attempt to Recover Failed
After an initial decline, the market attempted to recover but failed to return to the reference level. At the end of the morning session, the VN-Index fell 1.13 points to 1,245.47 points, the HNX dropped 0.84 points to 236.68 points, and the UPCoM slipped 0.11 points to 95.35 points.
The market breadth was skewed towards decliners, with 391 stocks in the red and 16 at the daily limit down, compared to 226 gainers and 22 at the daily limit up.
Most sectors ended in the red today, led by healthcare, which fell 1.72%, specialized services and trade, down 1.56%, and energy, declining 1.24%.
Among the few sectors in positive territory, semiconductors stood out with a 4.24% gain, followed by telecommunications, which rose 2.75%.
Large-cap stocks tried to limit the losses in the VN-Index, as the top 10 most influential stocks contributed over 2.6 points to the index, led by VCB, followed by VNM, HPG, and VPB. Conversely, the bottom 10 stocks dragged the index down 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 VNM was the most heavily bought stock, with a net purchase of nearly 86 billion VND, but it was not enough to balance the market.
10:35: Market Struggles, 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 moving against the broader market trend 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 the UPCoM is marginally lower by 0.02 points at 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 defying the broader market trend, rising 3.82%, driven by a 4.86% jump in VGI, a 1.82% gain in SGT, and a modest 0.82% increase in FOX.
Opening: Selling Pressure from Financial and Real Estate Stocks Weighs on VN-Index
On July 30, the market witnessed a mixed performance across sectors, with selling pressure in financial and real estate stocks dragging down the index. By 9:20, the VN-Index had dropped more than 3 points to 1,243.3 points.
The decline in FPT 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 index’s gains.
In the real estate sector, most stocks are in the red, including VIC, VRE, and VHM. Many other stocks, such as TCH, NVL, VPI, DIG, and PDR, are also trading lower. Notably, NTL is up 3%. Furthermore, QCG hit the daily limit up after being rescued yesterday, ending a five-day losing streak.
HBC, facing delisting, plunged to the daily limit down in early trading, with nearly 6.7 million shares offered at the lower limit price (9:25).
