VN-Index was sold off fiercely and fell more than 14 points, falling to 1,231 points, the lowest level in the past 3 months.
The Vietnamese stock market had a relatively gloomy performance during most of the trading session on November 14. From the opening time until the early afternoon session, the VN-Index mainly sank below the reference level with a decrease of about 5 points.
At 2 p.m., supply suddenly surged and took complete control of the market. The VN-Index therefore plummeted and breached the strong support zone of 1,240 points.
The sudden drop in the index quickly triggered a wave of sell-offs. The lack of supporting cash flow also caused the VN-Index to increase its losses and correct deeper.
At the end of the session, VN-Index decreased by 14.15 points (-1.14%) to 1,231.89 points; HNX-Index decreased by 2.4 points (-1.06%) to 223.82 points; UPCoM-Index decreased by 0.48 points (-0.52%) to 91.87 points.
Liquidity improved to more than VND 18,300 billion, but mainly due to active selling pressure.
Red covered the entire market with 480 stocks decreasing (including 14 stocks hitting the floor), 872 stocks remaining unchanged and 259 stocks increasing (including 19 stocks hitting the ceiling).
The VN30 large-cap basket also contributed 23 stocks to decrease, 2 stocks remained unchanged and only 5 stocks increased. The index representing the basket thus decreased by more than 17 points to 1,286 points.
The fact that a series of bluechips such as HPG (-2.8%), CTG (-2.2%), BID (-1.4%), GVR (-2.3%), VCB (-0.5%), VPB (-1.8%), FPT (-1.3%), TCB (-1.5%), MSN (-2.2%) or MBB (-1.5%) adjusted with a large amplitude is one of the reasons why the index plummeted.
Meanwhile, the support from BCM (+1%), HVN (+1%), HAG (+4%), LGC (+3.3%), VIC (+0.3%), GMD (+1.2%), HAH (+4.1%), VSC (+4.4%), VHM (+0.1%) or SSB (+0.3%) did not create much positive impact.
In the context of "red hot" industry groups, only a few stocks went against the market. Typically, the transportation and seaport group, in addition to the above codes, still recorded some stocks that improved such as GMD (+1.2%), VTP (+0.5%), VTO (+0.7%), SGP (+2%), DXP (+1.7%).
Or the garment group has TCM (+0.8%), VGT (+0.7%), MSH (+1%), GIL (+4.5%).
Today, the market witnessed more than 760 billion VND of foreign money leaving. Of which, FPT (-200 billion VND), VPB (-100 billion VND), MSB (-83 billion VND) led the net selling value.
On the contrary, MCH received an additional 207 billion VND from foreign investors, HAH (+30 billion VND), VRE (+25 billion VND).
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