VN-Index is still moving sideways around the reference level with a strong divergence trend dominating industry groups. Liquidity is also decreasing by more than 2,600 billion dong compared to the previous session.
As of 10:50 a.m., VN-Index decreased by 0.63 points (0.04%) to 1,475.39 points, VN30-Index decreased by 1.18 points (0.08%) to 1,515.26 points.
VN-Index is still moving sideways around the reference level with a strong divergence trend dominating industry groups. Liquidity is also decreasing by more than 2,600 billion dong compared to the previous session, which shows that investors are cautiously monitoring market movements before the December derivatives maturity.
As of 9:50 a.m., VN-Index decreased by 0.21 points (0.01%) to 1,475.81 points, HNX-Index increased by 0.13 points (0.03%) to 454.81 points, UPCoM-Index decreased by 0. 3 points (0.26%) to 111.79 points.
The stock market continued the struggling trend at the beginning of the morning session with support from large and mid-cap groups, while penny stocks were under pressure to take profits.
Movement by industry group, steel stocks continued to keep the market rhythm this morning with the largest contribution to VN-Index. Next, groups of construction & materials, shipping, food production, chemical fertilizers, pharmaceuticals, securities,… are trying to reinforce the green of the market.
Transport and seaports showed signs of a breakthrough at the beginning with strong gainers like SGP (+5.4%), HAH (+5.1%), TCL (+3.8%), PHP (+ 3.9%), GMD (+3.1%), VSC (+2.1%), and even VOS hit the ceiling with overbought volume up to nearly 300,000 shares. Shares of this group suddenly accelerated after the news that sea freight from China to Southeast Asia skyrocketed.
In the opposite direction, the trio of banks, real estate, and oil and gas simultaneously adjusted and became the main drag for VN-Index.
The US stock market on December 14th closed in the red, led by technology stocks. Producer price inflation hit a record high, causing investors to worry that the Fed will soon tighten monetary policy.
The tech-heavy Nasdaq Composite and S&P 500 fell 1.14% and 0.75%, respectively. The Dow Jones Industrial Average outperformed the other two indexes but also lost nearly 107 points, or 0.3%.
This is the second consecutive drop of the indexes after peaking last Friday (December 10).
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