Stocks fall sharply, VN-Index breaks 1,250 point mark, QCG is still an exception

ANTD.VN - Large-cap stocks weighed down, causing the VN-Index to fall more than 10 points today, falling below the 1,250-point mark.

After a nearly 10-point drop last weekend, the stock market opened today's trading session in a tug-of-war. The index struggled to regain green, but the selling side continued to dominate, causing the VN-Index to quickly fall below the reference level after only about 45 minutes of trading and from there it quickly fell sharply.

The big pressure came from large-cap stocks, led by names such as: VPB, VHM, GVR, FPT, MWG, HDB... VCB, VNM, MBB, CTG maintained green in the morning session, which partly helped curb the index's decline.

The stock market tends to move negatively.

During the mid-session break, VN-Index fell more than 9 points, equivalent to 0.72%, to 1,245.83 points; HNX-Index also fell 0.84%, to 223.52 points; UPCoM-Index fell 0.31 points (-0.34%), to 91.65 points...

In the afternoon session, the market continued to struggle at the price range established in the morning session. On HOSE, VCB could not maintain the green color, turning down 1.07%, becoming the stock with the most negative impact on the market.

Along with VCB, VPB, GVR and FPT… continued to be the codes with the most negative impact, taking away more than 3.5 points from the index. Meanwhile, REE, KBC, CTG and FTS were the codes with the most positive impact, but their impact on the index was insignificant.

The energy sector had the strongest decline in the market with -1.43% mainly coming from HPG (-0.94%), DCM (-2.04%), HSG (-1.24%) and GVR (-2.32%).

This was followed by the information technology and industrial sectors with decreases of 1.19% and 0.94% respectively.

Meanwhile, telecommunications went against the market when it increased by 0.74%... Notably, QCG continued to be an exception when it hit the ceiling in today's session, up to 13,500 VND/share. This stock has increased continuously in the last 4 sessions with 2 sessions hitting the ceiling, regardless of the trading market. The market price of this stock has also nearly doubled in the past month, exceeding the price before the incident of former CEO Nguyen Thi Nhu Loan being arrested.

At the end of the session, VN-Index decreased by 10.18 points (-0.81%) to 1,244.71 points; HNX-Index decreased by 0.96 points (-0.43%) to 224.45 points. UPCoM-Index decreased by 0.36 points (-0.39%) to 91.61 points.

The overall market breadth was tilted towards red with 485 stocks falling and 233 stocks rising. Red also dominated the VN30-Index basket with 23 stocks falling, 5 stocks rising and 2 stocks remaining unchanged.

The total market transaction value reached over 17,000 billion VND. Foreign investors continued to net sell over 697 billion VND on the HOSE floor, focusing on the codes MSN (252.97 billion), VHM (203.55 billion), FPT (99.79 billion). On the HNX floor, foreign investors also net sold nearly 10 billion VND...

Source: https://www.anninhthudo.vn/chung-khoan-giam-sau-vn-index-thung-moc-1250-diem-qcg-van-ngoai-le-post594500.antd