VN-Index opened the afternoon session on May 22 with the reappearance of buyers. Demand slowly entered the game, helping the green color expand further, while VIC stock at times only decreased slightly, contributing to VN-Index gradually narrowing its decline. However, the market closed still losing nearly 20 points when caution was still high and cash flow was still weak.
At the end of the trading session on May 22, VN-Index decreased by 19.76 points (-1.04%), to 1,877.13 points; HNX-Index increased by 3.14 points (+1.19%), to 267.51 points. Thus, in the trading week from May 18-22, the VN-Index decreased by 44.47 points, equivalent to -2.31%.
The breadth of the entire market with red color is somewhat overwhelming when the selling side has 398 declining codes and the buying side has 337 increasing codes. Red color dominates the VN30 basket with 22 declining codes, 6 increasing codes and 2 reference codes.
Market liquidity increased compared to the trading session on May 21, with the matched order trading volume of VN-Index reaching more than 650 million shares, equivalent to a value of more than 18,600 billion VND; HNX-Index reached more than 63.2 million shares, equivalent to a value of more than 1,000 billion VND.
Regarding foreign investors' transactions, this group continued to net sell more than 3,172 billion VND on the HOSE exchange, focusing on MSB codes (1,474.5 billion), VIC (247.33 billion), HPG (234.05 billion) and VHM (232.82 billion).
Regarding the level of impact, VHM, VIC, VCB and BID stocks are the most negatively affected stocks on the VN-Index with a decrease of more than 12.4 points. In the opposite direction, TCX, VND, SSI and VNM are stocks that still maintained green color, helping the index hold on for more than 1.2 points.
The market decreased with red color covering all industry groups. In which, the energy industry is the group with the strongest decrease in the market with 2.67% mainly from stocks such as BSR (-3.26%), PLX (-2.33%), PVS (-1.24%), PVD (-3.66%) and PVC (-2.53%). Followed by the information technology and real estate industries with decreases of 1.67% and 1.53% respectively.
According to experts' assessment, the VN-Index continued to record a downward trend, closing below the psychological support zone of 1,900 points due to increased selling pressure on some large-cap stocks.
Selling pressure is not too strong, but this is still a potential risk zone with many negative signals appearing.
In the context that the downward trend has not been fully confirmed, in the coming time, short-term investors should maintain an average ratio, avoid chasing purchases and focus on trading in the support zone of 1,890-1,900 points and the resistance of 1,910-1,920 points.
At the same time, prioritize stock groups with their own stories such as state capital divestment, resolutions on economic development, market upgrade roadmap or offshore oil and gas cycles.
