Stocks lost nearly 70 points.

The VN-Index narrowed its decline to 53 points after a sharp fluctuation at the beginning of the afternoon session on April 22. (Screenshot) — The VN-Index narrowed its decline to 53 points after a sharp fluctuation at the beginning of the afternoon session on April 22nd.

This morning, the VN-Index fluctuated within a narrow range and showed few signs of a volatile session. However, after the lunch break, the market reversed abruptly as selling pressure from large-cap stocks spread to a wider range of stocks.

At 1:20 PM, the index representing the Ho Chi Minh City stock exchange lost 69 points, breaking through several important psychological thresholds to fall below 1,140 points. The market was dominated by red as 500 stocks declined, with nearly 100 losing their maximum allowed gain. Conversely, the number of rising stocks was less than 40.

Large-cap stocks faced strong selling pressure, causing all 30 stocks to fall sharply. Eleven of these hit their floor price. A series of bank stocks such as STB, LPB, VPB... which were in a bullish state, reversed course and fell below the reference price, then lost all their gains. SSI, MSN, PLX... also hit their floor price at times with no buyers present.

Market liquidity surged during the sharp decline. By 1:30 PM, the trading volume reached over 1.15 billion shares, equivalent to 23,000 billion VND.SHB saw significant selling pressure, causing its liquidity to jump to 1,600 billion VND, leading the ranking in terms of trading value on the Ho Chi Minh City stock exchange.

The sharp decline also stimulated the inflow of out-of-the-table capital into the market, helping many stocks gradually narrow their losses. From the floor price, BID only fell 4%, while LPB, STB, and TCB fell by about 5%. As a result, the index representing the Ho Chi Minh City Stock Exchange also narrowed its decline to 53 points. At 1:40 PM, the index was trading around 1,150 points.

Towards the middle of the afternoon session, the market regained balance thanks to buying demand at lower price levels. By 2 PM, the VN-Index had only lost 34 points, equivalent to 2.8% compared to the reference point, as many stocks turned positive.

The number of stocks that lost all their gains was only 26, while the number of rising stocks gradually improved. MWG was the only stock to buck the trend in the large-cap basket, surging and trading over 700 billion VND. Similarly, HVN of Vietnam Airlines jumped from near the floor price to 32,000 VND, up 5%.

TH (according to VnExpress)

Source: https://baohaiduong.vn/chung-khoan-mat-gan-70-diem-409986.html