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After a rally, the Vingroup stock group reversed and corrected in today’s session (April 17). Money flowed unevenly, with MWG hitting the daily limit up and becoming a rare market pillar. The market opened with relatively positive sentiment after breaking the 1,800-point level. However, the familiar scenario repeated: the index surged in the morning but profit-taking pressure intensified toward the close, pulling the market lower. At the close, the VN-Index fell more than 2 points to 1,817, ending a five-session winning streak. Notably, the decline was not large in magnitude, but came from the heavyweight stocks that had shouldered the market in previous sessions. The focal point of the correction was the Vingroup “family.” After the rally and new highs, profit-taking pressure appeared as prices reached new peaks. MWG became the market’s focal point. On the other hand, the market wasn’t entirely negative. The brightest spot was MWG, which hit the ceiling from the session’s start and remained bid all day. Liquidity surged, with demand outpacing supply, indicating funds were chasing stories ahead of tomorrow’s shareholders meeting. MWG plans to pay nearly 3 trillion VND in cash dividends, issue ESOP and target record profits. In addition, the IPO plan for Dien may Xanh also drew attention. Other stocks, such as VPB, GVR, and GAS, also helped support the market. However, this pull was not enough to balance the pressure from heavyweight real estate stocks. The market picture thus became quite skewed. Although the number of rising stocks remained high, investor sentiment was less positive as many large-cap stocks weakened. The “green on the surface, red at heart” phenomenon eased somewhat, but dispersion remained very clear. Liquidity also showed signs of slowing, with HoSE trading value near 23,000 billion VND. At the close, the VN-Index fell 2.66 points (0.15%) to 1,817.17. The HNX-Index rose 3.51 points (1.37%) to 260, and the UPCoM-Index rose 0.15 points (0.12%) to 128.37. Foreign traders were relatively balanced on both sides, net buying 47 billion VND. Source: Viet Linh, Tiền Phong
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