Profit-taking pressure causes stock market to fall

On the Ho Chi Minh City Stock Exchange, after opening, increased selling pressure caused the market to drop. However, at 10am, the index representing the floor increased again, at times recording over 4 points thanks to support from key stocks. However, the green color did not last long. At the end of the morning trading session, the VN-Index decreased by 11.88 points, down to 1,229.56 points.

VN-Index only showed green for a few minutes in the morning session of April 15. Screenshot

In the afternoon session, selling pressure still dominated, at one point VN-Index fell nearly 19 points, but by the end of the session, demand improved, helping the market decline more slowly. Closing the session, VN-Index stopped at 1,227.79 points, down 13.65 points (-1.1%); VN30-Index fell to 1,310.76 points after falling 15.11 points (-1.14%).

After 3 consecutive sessions of recovery, the VN-Index has risen 150 points above the bottom. Therefore, in this session, buyers became cautious while sellers, investors who had bought at the bottom in the recent deep declines, realized profits.

Red dominated with 334 stocks decreasing in price and 145 stocks increasing in price. In the VN30 group, the number of stocks decreasing in price was nearly 4 times higher than the number of stocks increasing (23 stocks and 6 stocks).

The dominant supply caused most industry groups to lose points; in which software, securities, telecommunications, media and entertainment, vehicles and components, energy, and hardware decreased by more than 2%.

Going against the market are the semiconductor, consumer goods and decoration, and health care industries.

VIC performed positively in the morning session, strongly supporting the market with a contribution of more than 3 points to the VN-Index, but cooled down in the afternoon, contributing only nearly 0.84 points. VCB contributed the most with more than 1.4 points, HPG contributed nearly 0.8 points. On the other hand, GVR hit the floor, taking away the most points with more than 1.6 points.

Liquidity reached over VND24,000 billion. The bright spot was foreign investors' net buying. This group bought VND3,171 billion and sold over VND2,954 billion.

On the Hanoi Stock Exchange, the total transaction value reached over VND1,350 billion. At the end of the session, the HNX-Index stopped at 210.24 points, down 4.76 points (-2.21%); the HNX30-Index closed at 412.58 points after falling 12.18 points (-2.87%).

Source: https://hanoimoi.vn/ap-luc-chot-loi-khien-thi-truong-chung-khoan-giam-diem-699032.html