VN-Index closes week in red
Movements of market indexes on June 24, 2022. Screenshot photo of VNDirect's electronic board.
Vietnam’s benchmark VN-Index fell 0.29% Friday to close at 1,185.48 points due to surging selling pressure towards the end of the session.
The market opened the weekend session quite dismal due to the decline in cash flow. Though many groups of stocks were covered in green, most of them rose in a narrow range, making it impossible for VN-Index to advance further.
The selling pressure expanded toward the end of the session, forcing VN-Index to lose momentum and gradually revert to the red. Despite a small dip, the main index closed the day at its lowest level.
The VN30 basket, comprised of the 30 largest stocks by market cap and liquidity on the HoSE, was split with 13 gainers and 14 losers.
Leading the uptrend was BVH (Bao Viet Holdings) with a margin of 3.98%. In the opposite direction, POW (PV Power) and GAS (PV Gas) were the biggest losers, which dropped 2.5% and 2.4% respectively.
VN30-Index closed the session at 1,235.47, up 5.11 points. Liquidity reached VND3,980 billion ($171.2 million), accounting for 39.1% of HoSE liquidity.
VN-Index closed Thursday at 1,185.48, down 3.4 points, with 239 gaining and 223 losing. Transaction value was VND10,180 billion ($437.9 million).
HNX-Index dropped 1.25 points (0.45%) to 275.93, while UpCOM-Index grew 0.41 points (0.47%) to 87.1.
On the three exchanges, 584 stocks were gainers and 413 losers, with total liquidity reaching VND12,023 billion ($517.2 million), down 3% from Thursday’s session.
Banking extended its bullish trend from Thursday, but selling pressure intensified in the afternoon, pushing a series of stocks like VCB, CTG, TCB, MBB, VPB, HDB, TPB, and LPB down by an average of 1-2%.
Securities and real estate experience a split with intertwined bullish and bearish trends. Meanwhile, steel recorded a strong rebound with HSG, NKG, POM, SMC, and TLH climbing about 2-3%, while HPG closed at the reference price.
Foreign investors remained net buyers to the tone of VND82 billion ($3.5 million), focusing on NVL (Novaland) and HPG (Hoa Phat Group).
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