Cautious trading sentiment is still dominating the market, even though the last two strong decline sessions were not enough to help the electronic board show signs of recovery. It seemed that after the past two sessions of decline, the market would show signs of recovery, but the gloom still persisted and selling pressure spread somewhat towards the end of the session, although most investors did not oversell. .
Especially when entering the afternoon session, it seemed that investors had lost patience and were determined to sell more strongly, especially in the banking stocks group , causing the VN-Index to fall to nearly 1,230 points, equivalent to a decrease of nearly 1,230 points. 25 points compared to reference.
At the end of today's trading session, HOSE had 83 increasing codes and 373 decreasing codes, VN-Index decreased 22.83 points (-1.82%), down to 1,231.81 points. The total trading volume reached nearly 728.4 million units, worth 18,069.9 billion VND, down 21% in volume and 14% in value compared to yesterday's session. Agreement transactions contributed more than 65.5 million units, worth 1,938 billion VND. Blue chips in general and banking stocks were the main factors pulling back the index, with names like ACB, STB, BID, CTG, TPB, MBB losing from 3% to more than 5%, even TPB at times. also reduced to floor price.
On HNX, the HNX-Index was also pushed deeper in the afternoon session and closed at the lowest level of the day. At the end of the session, 47 codes increased and 125 codes decreased, HNX-Index decreased 3.78 points (-1.59%), down to 234.6 points. The total matched volume reached more than 50.7 million units, worth 1,046 billion VND. Agreement transactions included an additional 6.38 million units, worth 189.6 billion VND.
The market continued to experience a negative trading session, focusing strongly on small mid-cap groups. This is also the period when second quarter business results reports gradually appear and create a large-scale psychological gap when many stocks do not meet investors' expectations.
This is concurrent with the information that the total outstanding margin debt of securities companies at the end of the second quarter of 2024 reached a new peak of nearly 230,000 billion VND, higher than the peak outstanding debt of the market in early 2022, leading to the Investor sentiment is less positive.
The demand force participating in the session was relatively good, but the market breadth was still in a stratified state with only a few industry groups forming an early bottom (banking, retail, steel).
Therefore, experts recommend that investors consider disbursement during this period, focus on discounted opportunities and have expectations for positive second quarter business results with a risk management zone of 1,220 point.
