The market was dominated by red, with the VN-Index losing nearly 40 points.
After two sessions of slight recovery last weekend, the stock market this morning came under strong selling pressure across the board, causing the VN-Index to quickly lose the 1,800-point mark.
Opening the trading session on the morning of June 8th, widespread selling pressure across the market caused the electronic board to turn red, pulling the VN-Index down after two sessions of slight gains at the end of last week.
The selling pressure intensified rapidly, causing many stocks to widen their losses and pushing the VN-Index below 1,810 points within the first few minutes of the continuous trading session.
After nearly 90 minutes of trading, the VN-Index is down about 30 points. Market breadth is heavily skewed towards sellers, with the number of declining stocks almost 4.5 times higher than the number of rising stocks. Notably, in the VN30 basket, only LPB and PLX maintained positive gains. The duo of VIC and VHM alone have deducted more than 15 points from the overall index.
Conversely, the group of key stocks, including banks and securities companies, also traded below the reference price, except for LPB, with most stocks recording declines of over 1-2%. Currently, VIX, SHB, ACB, and VND are the most liquid stocks on the market, with trading volumes ranging from 10-20 million units, but all are down around 3%.
In the real estate sector, VIC (-4.44%), VHM (-4.01%), VRE (-3.85%), and PDR (-2.33%) saw declines. Similarly, in the financial services sector, VIX (-4.51%), SSI (-1.67%), VND (-3.98%), and VCI (-2.9%) experienced declines.
At the close of this morning's trading session, the VN-Index fell 39.68 points to 1,799.22 points (-2.16%) compared to the previous session. Similarly, the UPCo M-Index decreased by 124.9 points (-0.15%), equivalent to 0.19 points, and the HNX-Index decreased by 284.49 points (-3.17%), equivalent to 9.3 points.
Market liquidity reached VND 8,074.16 billion, with 321,000 shares traded. Across the sector, 48 stocks rose, 255 fell, and 37 dropped to their reference price.
According to experts at Vietcombank Securities Company, in the last trading session of the week, Vingroup's group of stocks continued to play a key role in maintaining the recovery trend of the VN-Index. However, there was a strong divergence in capital flows, with the majority concentrated in large-cap stocks and a few other mid- and small-cap stocks.
Accordingly, investors may consider investing in stocks that are attracting active capital flows and still have significant upside potential compared to their most recent previous peaks.
At the same time, caution is needed with stocks approaching their previous peaks to avoid potential short-term corrections. Potential sectors to watch include banking and securities.
According to experts at AIS Securities Company, at the end of last week's trading, the VN-Index decreased by 24.59 points (-1.32%). During the week, the index briefly fell below 1,800 points but recovered and successfully maintained the 20-week moving average.
Low liquidity indicates that sentiment remains cautious, even though foreign investors have returned to net buying after a prolonged period of net selling.
In the coming trading week, the 1,800 - 1,810 point range (20-week moving average) continues to be a crucial support level to watch. If this range holds, the VN-Index may experience a rebound.
