The stock market continuously had not very positive trading sessions when the VN-Index fluctuated and adjusted down due to increased profit-taking selling pressure in most industry groups.
In this morning's trading session (May 28), when the market opened, green color temporarily prevailed widely. The market recorded nearly 250 gainers and more than 120 losers. Among them, the essential consumer group, real estate is the group with widespread green color. However, immediately after that, there was a slight fluctuation around the 1,860-1,890 point area with a sharp decrease in liquidity.
In which, pillar groups such as banks and securities are all shifting to a state of differentiation and slight fluctuations around the reference level. Leading real estate stocks with large capitalization after a period of strong price increases are shifting to a correction phase, creating pressure on the VN-Index and general market sentiment.
Increased selling pressure towards the end of the session caused the red color to spread and VN-Index retreated deeper. Closing the morning trading session on May 28, VN-Index decreased by 15.43 points (-0.84%) to 1,859 points with 98 gainers and 194 losers. Total trading volume reached 288.8 million units, value of 7,418 billion VND, down 9.1% in volume and 16.3% in value compared to the morning session yesterday.
The VN30 group closed the session down nearly 16 points when there were 23 declining stocks, nearly 4 times the number of increasing stocks (6 stocks). Among them, energy stocks all reversed to improve, with BSR increasing by 2.5% and matching orders of nearly 9.8 million units, GAS increasing by 2%, PLX increasing by 1.4%; the remaining VNM, VRE, LPB only slightly increased around the 0.5% range.
Conversely, the declining stocks were not too large, with FPT, VIC, VCB, VPB all recording a decrease of 1.4% and VIC was the biggest influencer when taking away nearly 5 points of the general index.
While most stock groups turned red, the energy group suddenly made a spectacular comeback after an unoptimistic signal at the beginning of the session and became the most positive group in the market. Besides BSR, GAS and PLX increased quite well, PVD and PVT also recovered to a light green color.
VCBS Securities Company believes that the market is under increasing profit-taking pressure from the Vingroup stock group, causing the VN-Index to fluctuate. At the same time, cash flow continues to have a clear differentiation between industry groups, in which some stocks have begun to show signs of rebounding after a downward correction. Before the current developments of the market, VCBS recommends investors to closely monitor market developments in the coming sessions. At the same time, it is necessary to be more cautious when opening new purchases and prioritize taking advantage of intraday fluctuations for short-term surfing trading targets for stocks already available in the portfolio.
AIS Securities Company put forward the view that the VN-Index continues to record a declining session and maintains movement below the 1,900 point zone, showing that the short-term state of the market is still weakening. Although cash flow has improved in the banking and infrastructure groups, the recovery momentum of the index is still being restrained by the Vingroup group. Liquidity has increased again, but the breadth of the market still leans towards a negative direction in the short term. As long as the index has not regained the 1,900 point zone, the pressure of fluctuations and adjustments is likely to continue in the next trading sessions.
