Stocks fell again, trading was gloomy at the beginning of the week

10/23/2023 15:40 Nhat Linh Print article

ANTD.VN - The stock market has failed to maintain its upward momentum after the recovery session last weekend. The VN-Index today fell 14.5 points, while liquidity remains very weak.

The reversal session last weekend was not enough to bring optimism to investors. The market traded negatively just minutes after opening, most stock groups quickly sank into the red. After only about 1 hour of trading, the VN-Index had broken the 1,100-point mark but the decline has not stopped.

The rare bright spot is Hoang Anh Gia Lai 's HAG stock, when this stock almost hit the ceiling during the entire trading session with outstanding liquidity. Last weekend, HAG announced its September business performance, with the notable point being the liquidation of Hoang Anh Gia Lai Hotel assets worth VND180 billion. As a result, the Company recorded a profit after tax in the third quarter of 2023 of VND324 billion and a cumulative profit of VND710 billion for the first 9 months.

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Stock market negative first session of the week

At the end of the morning session, VN-Index fell by 17.5 points (-1.58%), down to 1,090.53 with the number of stocks falling nearly 4 times the number of stocks rising. Despite the sharp decline, market liquidity was very gloomy with only approximately VND4,774 billion traded on HOSE.

Similarly, HNX-Index also recorded a decrease of 1.66 points (-0.73%) to 226.79 points; UPCoM-Index decreased by 0.41 points (-0.48%), to 85.21 points.

In the afternoon session, the buying and selling force was quite strong, VN-Index had many deep dips, even losing up to 21.5 points compared to the reference, but there were also some slight recoveries. At the end of the session, VN-Index narrowed the decline to 14.5 points (-1.31%), 1,093.53 points.

HNX-Index decreased 2.19 points (-0.96%) to 226.26 points; UPCoM-Index also decreased 0.35 points (-0.41%) to 85.27 points.

Today's decline was almost evenly distributed across the market. Almost only the agriculture, forestry and fishery group with the support of HAG (up 6.87%) maintained the green color.

The group of large stocks in the VN30 basket recorded only 2 increases, VIC and SSB; in addition, VHM remained unchanged, the rest decreased. Of which, MSN, MWG, GVR decreased the most with a decrease of around 4%.

The afternoon market tug-of-war also made the cash flow more active, but liquidity was still very limited. At the end of the session, only nearly VND14,000 billion was traded on the three exchanges, of which VND12,124 billion was on HOSE. Foreign investors today net bought slightly more than VND68 billion.

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