VN-Index was trading near the reference price but suddenly fell more than 18 points after only 15 minutes of ATC before closing, a series of stocks were forced to the floor price by selling pressure.
The increase in the last session of last week did not help the market to improve, as many securities companies still recommended investors to be cautious with the trend. VN-Index opened this week in the red as pressure on large-cap stocks continued to weigh on the index.
Vingroup stocks, such as VIC, VHM and VRE, all traded lower than the reference price at the opening. VIC fell nearly 4% at one point. Low liquidity and cautious sentiment caused the market to move sideways around 1,050 points throughout the morning session.
In the afternoon session, Vingroup group improved, helping VN-Index return close to the reference. VRE bounced back from red, at times increasing by nearly 5%. VHM returned to the reference, while VIC narrowed its decline in the middle of the afternoon session. However, the rest of the market has not escaped the decline as selling pressure prevailed.
At the ATC session, unexpected developments occurred. Selling pressure increased sharply, causing many stocks to suddenly drop to the floor price. FRT traded at VND89,000 until 2:30 p.m. but dropped to the floor price of VND86,400 just a few minutes after ATC. DGW, KBC, GEX, VGC and some other stocks experienced the same thing. VN-Index, which was near the reference level, suddenly dropped sharply.
At the end of the session, the HoSE index stopped at 1,042.4 points, down 18.22 points (1.72%). The VN30-Index lost nearly 20 points (1.87%), down to 1,047.63 points. On the Hanoi Stock Exchange, the HNX-Index lost more than 3%, while the UPCOM-Index fell nearly 1%. After today's session, the VN-Index fell to its lowest price in more than 5 months, since May 5.
Red dominated the HoSE floor with nearly 400 stocks falling, compared to 111 stocks increasing in price. In VN30, 25/30 bluechip stocks closed below reference.
The stock group with the highest decrease was securities. In VN30, SSI closed near the floor price, down 6.6%. In the mid-cap group, MBS, BSI, CTS, FTS, HCM and VND all decreased by more than 5%.
The real estate group is similar. In the large-cap group, GVR lost 6.7%, other codes such as SCR, QCG, DIG, DXG, VCG also fell deeply. The same is true for the retail and construction groups.
Total market liquidity reached only nearly VND12,000 billion. Of which, liquidity on the HoSE floor only recorded over VND10,100 billion, down over VND3,600 billion compared to the previous session and down to the lowest level in a month. Foreign investors net sold nearly VND88 billion today, the fifth consecutive net selling session.
Minh Son
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