VN-Index was in red all morning, then moved to struggle around the reference and closed the session with a slight decrease of 0.36 points.
The HoSE representative index dropped more than 10 points, breaching the 1,250 point mark after about 20 minutes of morning trading, when selling pressure appeared early. After that, the index improved somewhat but the red color still covered the chart. However, VN-Index maintained the support mark of 1,250 points for most of the time.
In the afternoon, the downward momentum improved further. At around 1:40 p.m., the HoSE index regained its green color in a short time. After that, this index fell into a state of struggle around the reference until the end of the session. VN-Index closed at 1,258.2 points.
The market performed better in the afternoon but was not strong enough to pull the VN-Index and VN30-Index up. Image: VNDirect
The index decreased slightly but the number of declining stocks was twice as high as the number of rising stocks, 308 stocks and 150 stocks respectively. This is thanks to the support of some highly capitalized codes, such as BID, HPG, FPT and GVR.
Among the actively traded groups, real estate had negative developments, while stocks recorded more green. Particularly, the banking electricity board is deeply differentiated, the prominent gainers include BID and EIB, on the contrary TCB and LBP led the decline.
Liquidity today reached more than 16,500 billion VND, down about 300 billion VND. This is the fourth consecutive session that the total trading value on HoSE went backwards and was the third session recorded below VND 20,000 billion. Somewhat more optimistic than domestic investors, foreign investors returned to net buying, about 40 billion VND. They disbursed more strongly in the codes VPD, TCH, SSI, MWG.
Investor psychology today is influenced by world markets. The US has just released the March inflation report, reaching 3.5% – higher than expected. The above data was released at a time when investors were uneasy when the US Federal Reserve (Fed) expressed a patient stance on lowering interest rates.
Previously, this agency always believed that policy reversal would only occur when there was enough evidence that inflation was falling sustainably towards the 2% target. On the world market, gold prices left their peak and the main indexes on Wall Street fell immediately after the above news.