Vingroup Corporation's VIC shares fell nearly 2% in today's trading session (March 8) after 5 consecutive sessions of maintaining or increasing prices.
Mr. Pham Nhat Vuong - Chairman of Vingroup - "immediately lost" 553 billion VND when this stock fluctuated. This billionaire's assets are estimated at about 30,969 billion VND, according to the closing price of VIC stock (44,800 VND/unit).
Vingroup stocks such as VHM and VRE also fell 1.5% and 2.3% respectively during the day. The decline of this group of stocks was not the only phenomenon that decreased today.
Stocks fell sharply in the trading session on March 8 (Illustration photo: Hai Long).
The VN-Index on March 8 unexpectedly dropped 21.1 points compared to yesterday's session, which was also the sharpest drop since November 24, 2023. The VN-Index was covered in red when 408 stocks decreased and 89 stocks increased in price. The HNX-Index also had a similar performance when it decreased by more than 1 point, with 112 stocks decreasing and 62 stocks increasing in price.
Red also dominated the VN-30 basket with 29 stocks decreasing in price and only 1 stock increasing in price. The banking sector was under strong selling pressure and many stocks fell sharply such as BID (down 4.1%), CTG (down 3.6%). At one point, BID's stock price even hit the floor, closing at VND51,100/unit at the end of the session.
Continuing the price holding momentum of the morning session, BCM shares of the Industrial Investment and Development Corporation (Becamex IDC) went against the market and was the only increasing stock in the VN30 basket.
Closing the session in green, BCM shares increased by 0.4% to VND69,300/unit. This enterprise has positive business results in 2023 with a profit of VND2,441 billion, up 44% compared to the previous year. The company is also planning to buy more IJC shares of Becamex IJC to increase ownership compared to the current level of 49.76% of capital.
Foreign investors continued to net sell on HoSE with a value of nearly 665 billion VND, focusing on some large stocks such as VNM (126 billion VND), VPB (105.9 billion VND), KBC (80.4 billion VND) or VND (66.9 billion VND).
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