Stocks fell sharply in the afternoon session.

VN-Index fell nearly 12 points in the first session of the week, when selling pressure increased sharply in the afternoon session, forcing a series of stocks to change color from green to red.

Following the decline last weekend, stocks opened today in a cautious state. VN-Index fluctuated near the reference before bouncing back to nearly 1,255 points. Liquidity was at an average level, along with the narrow amplitude of many pillar stocks, showing the market's tug-of-war. This state was maintained until the early afternoon session, before the market "got windy".

At nearly 2 p.m., selling pressure spiked in the VN30 group and then spread to the entire market. Banking and retail stocks were pulled back deeply, causing the market to break the tug-of-war.

The strong selling pressure caused the market to continuously fall, VN-Index closed near the lowest level of the day at 1,235.49 points, down nearly 12 points compared to the previous session. VN30-Index lost more than 15 points (1.2%), down to 1,235.12 points. On the Hanoi Stock Exchange, HNX-Index fell more than 1%, while UPCOM-Index fell 0.6%.

Total market liquidity reached over VND26,600 billion. Of which, liquidity on the HoSE accounted for over VND23,800 billion, down nearly VND9,300 billion compared to the previous session. Foreign investors net bought over VND248 billion today, the highest since January 22.

Red dominated the HoSE floor with 106 stocks increasing in price, compared to 392 stocks decreasing in price.

In VN30, only three stocks remained green: GVR, VNM and HDB. In the rest, VRE and BCM decreased by more than 3%, MBB and MWG lost 2.8%, SHB, BVH, VPB and PLX were more than 2% lower than the reference.

According to VNDirect , banking stocks dominated the group that impacted the market. Of which, VCB caused the market to lose nearly 1.4 points when it closed down 1.1%. VPB, MBB, BID and TCB were all in the group of 10 stocks that had the most negative impact on the VN-Index.

In the remaining sectors, real estate, securities, oil and gas, and insurance groups are all under selling pressure. On the contrary, some codes in telecommunications, chemicals, and healthcare groups are of interest.

Minh Son

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