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The Money Vacuum: Small Caps Suck In Cash, Weighing Down Indexes

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The HoSE exchange witnessed a significant drop in liquidity today, falling by approximately 9% from the previous day, equating to a loss of over VND 2,000 billion. Amidst this decline, the VNSmallcap basket stood out as the sole exception, experiencing a slight uptick in liquidity. The representative index of this basket also outperformed the broader market, with numerous stocks reaching their ceiling prices.

Market Pulse June 4th: VN-Index Closes Slightly Lower, Foreigners Resume Net Selling

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The market closed with the VN-Index down 1.74 points (-0.13%) to 1,345.51, while the HNX-Index bucked the trend and rose 1.25 points (+0.55%) to 230.19. The market breadth tilted towards decliners, with 379 stocks falling versus 340 advancing. The large-cap stocks also painted a gloomy picture, as reflected in the VN30 basket, where 21 stocks retreated, 6 advanced, and 3 remained unchanged.

The Ultimate Beachfront Residence: Marriott Hotel and Condo Complex in Danang’s “Kilometer Zero” Sets...

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Located at 58 Bach Dang, the 45-story M Landmark building is the first central Danang project to launch this year. With its prime location and impressive height, it's set to become an iconic landmark in the city's skyline. Offering a range of exclusive amenities and a prestigious address, this project is a highly anticipated addition to Danang's thriving real estate market.