Market Beat June 5th: Late Rally Sees VN-Index Trim Losses to Just Under 4 Points

Today’s market adjustment was largely anticipated by investors, as the market had rebounded strongly from April’s lows and approached previous highs. According to forecasts, the market is likely to enter a corrective phase due to short-term profit-taking pressure before embarking on the next upward trajectory.

The UPCoM-Index also closed in the red, decreasing by 0.14 points to 98.87, while the HNX-Index rose by 0.36 points to 231.19.

Across the market, 377 stocks advanced, including 22 stocks that hit the daily limit, while 396 declined, with 12 hitting the daily limit down. Meanwhile, 835 stocks remained unchanged. In terms of capitalization, Large Cap stocks fell by 0.21%, Mid Cap stocks dropped slightly by 0.04%, and Small Cap stocks showed more resilience with a gain of 0.12%.

Among Large Cap stocks, the downturn was evident as numerous stocks from sectors with large capitalizations dipped into negative territory. Notable examples include real estate, banking, securities, as well as prominent stocks from other sectors such as HPG from the metals and mining industry, FPT from the software sector, VNM from the food industry, and HAH from the marine transportation sector.

Out of the top 10 stocks with the most negative impact on the VN-Index today, 5 were from the banking sector, namely VCB, TCB, BID, VPB, and MBB. The remaining stocks included GAS, HPG, VNM, VHM, and SAB. Collectively, these top 10 stocks accounted for a loss of nearly 3.5 points.

On the contrary, MSN and REE topped the list of the 10 stocks with the most positive contribution, adding approximately 0.6 points each, outpacing the rest of the group.

Market-wide trading volume surpassed 973 million shares, corresponding to a value of over VND 21,679 billion. On the HOSE, the trading value reached nearly VND 18,916 billion, slightly lower than the recent average.

In this context, foreign investors narrowed their trading activities, with net selling of over VND 490 billion across the three exchanges. Today’s focus was on STB and MSN, with STB experiencing net selling while MSN witnessed net buying, both with similar volumes of around VND 117 billion, outpacing other stocks.

Morning Session: Red Dominates

The VN-Index closed the morning session down 4.28 points at 1,341.46, despite a relatively positive start. Meanwhile, the HNX-Index and UPCoM-Index managed to stay in positive territory, rising 0.13 points and 0.16 points to end the morning session at 230.96 and 99.17, respectively.

As of the midday break, the market breadth was negative, with 348 declining stocks, including 13 hitting the daily limit down, versus 328 advancing stocks, of which 16 hit the daily limit up. The remaining 932 stocks were unchanged.

Sector-wise, 12 sectors posted losses, led by consumer and decorative goods, which dropped by 1.28% as GEE fell by 2.56% and GEX declined by 2.3%. This was followed by specialized services and commerce, which decreased by 1% due to VEF’s 1.37% loss.

However, the most notable development was the decline in large-cap sectors such as real estate, securities, and banking, which exerted negative pressure on the index.

Source: VietstockFinance

Within the real estate sector, the decline was evident as the sector dipped by 0.98%, with prominent names such as VIC falling by 1.33%, VHM by 1.56%, and VRE by 1.11%. Additionally, a series of familiar names also witnessed declines, including NVL by 1.41%, TCH by 1.25%, NLG by 2.13%, DXG by 1.88%, and PDR by 1.63%… Conversely, DXS stood out with a daily limit gain.

For the industrial real estate group, green prevailed, with BCM rising by 0.33%, KBC by 0.96%, SIP by 1.16%, IDC by 0.24%, and SZC by 1.68%…

In the securities sector, the decline was 0.48%, with notable losers including VND by 1.16%, VIX by 1.42%, SHS by 1.45%, VDS by 1.24%, and VFS by 2.11%…

Similarly, the banking sector fell by 0.26%, with notable movers such as VCB down by 0.18%, BID by 0.42%, TCB by 0.48%, and CTG by 0.52%…

Foreign investors were net sellers in the morning session, offloading stocks worth over VND 332 billion. The most notable net sells were VIX and STB, with net selling volumes of nearly VND 55 billion each. On the buying side, MSN led with a net purchase volume of nearly VND 55 billion.

10:45 am: Sudden Pressure Turns VN-Index Red

Contrary to the positive start of the morning session, the VN-Index soon encountered significant pressure and quickly turned red. At 10:40 am, the index was down 5.77 points at 1,339.97, dragged down by large-cap sectors such as real estate, banking, and securities.

Within the real estate sector, the VinGroup trio of VHM, VIC, and VRE witnessed notable declines, with VHM down by 1.43%, VIC by 1.33%, and VRE by 1.86%, exerting a substantial impact on the market. As a result, VIC and VHM were among the top stocks with the most negative impact on the VN-Index, accounting for a loss of approximately 0.7 points each.

Additionally, other real estate stocks also faced selling pressure, with DXG down by 1.56%, PDR by 1.63%, VPI by 2.04%, TCH by 1.75%, HDC by 1.15%, NLG by 1.73%, and ITC hitting the daily limit down.

The banking sector also contributed to the pressure, with TCB down by 0.8%, SHB by 0.36%, EIB by 1.62%, and CTG by 0.52%… Similarly, the securities sector saw declines in various stocks, including VIX by 1.06%, SSI by 0.41%, and VND by 1.16%…

The market also witnessed declines in other large-cap stocks, notably FPT and HPG.

The nearly 6-point drop in the index was partly cushioned by large-cap stocks such as STB, MSN, and MWG, along with several stocks that managed to stay in positive territory. Without these stocks, the index would have lost more points.

Market Open: Green Prevails from the Start, Real Estate and Construction Sectors Cheerful

As of 9:30 am, the indices opened in positive territory, with the VN-Index gaining 0.16 points to 1,345.9, the HNX-Index rising 0.73 points to 231.56, and the UPCoM-Index climbing 0.65 points to 99.66. The market witnessed 276 advancing stocks, outnumbering the 159 declining stocks. Trading volume across the market reached 97 million shares, corresponding to a value of nearly VND 1,985 billion.

The market heat map showed a predominance of green, with notable gainers in the real estate sector, such as CEO up by 1.61%, CII by 2.56%, DXS by 5.94%, and SVR by 4.2%… In the banking sector, STB rose by 1.71%, TCB by 0.16%, and VCB by 0.18%… The construction sector also saw gains, with HHV up by 4.38%, CTD by 2.58%, LCG by 3.09%, and FCN by 2.44%. Additionally, the food sector continued its positive momentum, with DBC up by 1.01% and FCS by 2.02%…

The market even witnessed stocks that quickly hit the daily limit up early in the session, including HUT and HTN.

Asian markets opened mixed, with notable declines in the All Ordinaries, Nikkei 225, and Shanghai Composite indices, while the Hang Seng and Singapore Straits Times indices posted gains.

In the US market overnight, the Dow Jones fell after private sector hiring in the US hit a more than two-year low, raising concerns about the impact of trade policy uncertainty on the US economy.

At the close of the trading session on June 4th, the Dow Jones lost 91.90 points (equivalent to 0.22%) to 42,427.74 points. This ended a four-day winning streak for the index. The S&P 500 edged up 0.01% to 5,970.81 points, while the Nasdaq Composite added 0.32% to 19,460.49 points.

Huy Khai

– 15:45 06/05/2025

You may also like

The Solo Entrepreneur and Foreign Block Unite in Unison to Seal the Deal, While Domestic Firms Accumulate.

Today’s trading session witnessed a collective net-selling trend among individual investors, proprietary traders, and foreign investors.

Market Beat: A Sea of Red

The VN-Index ended the morning session down 4.28 points, or 1,341.46, despite a relatively positive start. Meanwhile, the HNX-Index and UPCoM-Index stayed in the green, edging up 0.13 points and 0.16 points, respectively, to close the morning at 230.96 and 99.17.

“Equity Liquidity Crunch: Small-Cap Stocks Feel the Pinch”

The market continues to show no signs of breaking through, despite the VN-Index hovering around the 1340-point mark. The main culprit is the largest bloc of blue-chip stocks turning southward. Meanwhile, overall liquidity has also taken a significant hit, and opportunities are now scarce outside a handful of mid-to-small-cap stocks.

Market Beat: Green Across the Board as Real Estate and Construction Stocks Rally

As of 9:30 a.m., the market opened in the green, with the VN-Index climbing 0.16 points to 1,345.9, the HNX-Index surging 0.73 points to 231.56, and the UPCoM-Index gaining 0.65 points to reach 99.66. The market witnessed a positive sentiment with 276 gainers outpacing 159 losers. The total trading volume across all markets stood at 97 million shares, equivalent to a trading value of nearly VND 1,985 billion.

The Foreign Turn: Heavy Selling in Two Blue-chip Stocks

The foreign transactions balanced out with net selling of approximately VND 49 billion across the market.