After this morning's trading session, VN-Index decreased by more than 31 points and lost the important milestone of 1,900 points. In the early afternoon session, increased selling pressure caused the index to decrease by more than 50 points at times, falling back to around the 1,860 point zone. However, bottom-fishing demand appeared in many pillar stocks, helping the market reverse direction towards the end of the session.
Closing the trading session on May 20, VN-Index increased by 0.3 points, equivalent to 0.02%, to 1,913.23 points. Market liquidity increased sharply with a trading value of more than 34,139 billion VND, equivalent to more than 1.36 billion shares traded. Foreign investors traded balancedly when buying more than 3,211 billion VND and selling about 3,201 billion VND.
VIC is the code that contributed the most positively to VN-Index with more than 2.6 points of increase, followed by VHM, GAS, FPT and GVR. FPT alone increased by 4.3%, becoming the largest supporting stock for VN30-Index with more than 7.7 points.
Regarding industry groups, the energy group is a bright spot when many stocks reversed to increase according to world oil prices. GAS increased by more than 3.7%, BSR increased by more than 2%, PLX increased by 4.4%, PVD and PVS also maintained green color.
Meanwhile, the banking and securities groups continued to face adjustment pressure after a period of hot increase. The real estate group was the group with strong fluctuations in today's trading session. Many codes narrowed downward momentum towards the end of the day, but selling pressure was still present in DXG down nearly 6.9%, DIG down 5.46%, CEO down 4.57%, NVL down nearly 4.8%, TCH down more than 5%. Two supporting stocks, VIC up 0.71% and VHM up 1.85%, played a role in supporting the market.
According to investors' assessment, the market unexpectedly experienced a deep decline in today's trading session stemming from investors taking technical profits at high prices along with the weakening of the group of stocks playing a supporting role for the market. Liquidity surged in the deep decline session, showing that this is not simply a state of demand shortage, but a very rapid position restructuring process.
This is also what some experts predicted at the beginning of the week that VN-Index is likely to continue to fluctuate around the peak when profit-taking pressure from large-cap groups increases.
In a positive scenario, liquidity will improve, and at the same time cash flow will spread to the mid-cap group, thereby the market forming a sustainable upward momentum.
In a negative scenario, the phenomenon of prolonged pillar pulling while the majority of stocks are weakening will increase the risk of technical correction.
In this period, the important goal is not to seek quick and large profits, but to preserve capital, maintain portfolio efficiency and patiently wait for real cash flow to spread. The more selective and disciplined investors are, the greater the advantage in the current differentiated environment.
