Profit-taking pressure causes VN-Index to lose momentum

After two sessions of increasing points at the beginning of the week, on June 18, VN-Index decreased slightly due to profit-taking pressure.

On the Ho Chi Minh City Stock Exchange, at the close of the session, VN-Index stopped at 1,346.83 points, down 0.86 points (-0.06%) while VN30-Index increased 1.6 points (0.11%), to 1,432.99 points.

During the morning session, the market was mostly green, even reaching yesterday's peak of nearly 1,354 points at one point, but then increased selling pressure slowed down the market's upward momentum. At the end of the morning session, the VN-Index increased by 1.37 points to 1,349.06 points.

VN-Index was red for most of the afternoon trading session. Screenshot

This session, stocks with decreasing prices dominated with 184 stocks going down and 108 stocks going up. In the VN30 group, the number of stocks increasing and decreasing in price was 13 stocks and 15 stocks respectively.

Profit-taking pressure caused the pillar stocks to diverge. Of the 10 stocks with the largest capitalization, half are now in red. VHM had the best price increase in this group with 2.59%, contributing 1.76 points, the most to the VN-Index; followed by GAS with nearly 0.9 points; TCB (0.66 points)...

On the other hand, the stock code with the largest market capitalization, VCB, took away the most points with 0.95 points, followed by FPT (0.6 points).

Most industry groups decreased, in which consumer services, telecommunications, and software were the industries that decreased the most (1%-1.4%).

Meanwhile, the hardware and semiconductor industries performed most positively, increasing by 3.23% and 2.15% respectively.

Liquidity reached over VND20,000 billion. Foreign investors returned to net selling. This group bought nearly VND2,068 billion and sold over VND2,339 billion.

On the Hanoi Stock Exchange, the total transaction value reached nearly VND1,400 billion. At the end of the session, the HNX-Index stopped at 228.2 points, down 0.04 points (-0.02%); the HNX30-Index was at 470.68 points after falling 1.97 points (-0.42%).

Source: https://hanoimoi.vn/ap-luc-chot-loi-khien-vn-index-mat-da-tang-705971.html