Stocks were sold like "drainage", hundreds of stocks hit the floor, VN-Index lost nearly 40 points

ANTD.VN - After a volatile morning session, the stock market suddenly sold off heavily in the afternoon, causing hundreds of stocks to fall freely to the floor price. The VN-Index lost nearly 40 points today.

After the strong fluctuations last week, the stock market opened the new trading session with a cautious sentiment. Red dominated the electronic board, but most of the stocks that decreased in points were not too big, causing the indices to hover below the reference, and at times, above the reference.

Export-related industries such as seafood and textiles, after positive trading last week, today also could not avoid the profit-taking trend.

Securities stocks have temporarily stopped their decline and narrowed their decline in this morning's session. Some stocks have even recovered and regained green, such as SSI and VCI.

Notably, in the morning, some small-cap stocks increased quite well, with 3 codes KPF, ITA, DLG being pulled up to the ceiling price.

At the end of the morning session, VN-Index decreased slightly by 1.07 points (-0.09%) to 1,191.98 points. The VN30 group was quite balanced with the number of increasing and decreasing codes almost equal.

The HNX also closed the session with a slight decrease of 0.09 points (-0.04%), down to 243.06 points. Meanwhile, the UPCoM-Index increased slightly by 0.05 points (+0.05%) to 90.8 points.

Liquidity this morning decreased sharply compared to last weekend's session, showing that investors are very cautious.

Thị trường chứng khoán bị bán mạnh trong phiên chiều hôm nay ảnh 1

The stock market was sold off heavily in the afternoon session today.

With the indices moving sideways, investors hoped that the market was regaining balance after two sharp declines last weekend. But this hope was completely dashed in the afternoon session, when selling pressure occurred on a large scale.

The red color spread across the electronic board, causing the index to plummet. When the VN-Index broke through the support level of 1,180 points, even the most patient investors could no longer wait for a recovery, many people started to panic and rushed to sell off.

With this third consecutive sharp decline, bottom-fishing demand is no longer present. The indices are in free fall, reaching the support level that experts assess as having a very low probability of 1,150 – 1,160 points.

At the close of trading today, HoSE had only 45 stocks increasing, while the number of stocks decreasing was up to nearly 500, of which 115 stocks hit the floor. VN-Index today lost 39.85 points (-3.34%), down to 1,153.2 points.

Similar developments also occurred on HNX when the HNX-Index decreased by 11.64 points (-4.79%) to 231.50 points; UPCoM-Index decreased by 2.06 points (-2.27%) to 88.70 points.

Today, the total of 3 exchanges had more than 720 stocks decrease, of which 172 stocks decreased to the floor price. The securities group led the decline with almost all stocks closing at the floor price (except VPS decreased slightly by 0.5%), the general index of this group decreased by more than 7.2%.

The VN30 group only had 2 slightly green codes: VNM and VJC. VIC, CTG, HPG were the codes that dragged the market down the most in today's session.

Market liquidity was at an average level with nearly VND27,400 billion traded on 3 exchanges. Foreign investors returned to net buying more than VND500 billion after 5 consecutive sessions of net selling.

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