Stocks fall again

The fear of more than 2 billion shares falling into the account in the last session of the week has triggered the selling psychology of investors on the floor, even foreign investors also sold heavily, causing the market to fall vertically again this morning, August 22.

Concerns about more than 2 billion shares falling into accounts last weekend.

At the end of the morning session, the HOSE floor had 490 stocks decreasing in price, of which nearly 150 stocks decreased sharply from 5-7%, only 46 stocks increased slightly in price. The VN-Index fell nearly 25 points, equivalent to 2.11%, to 1,155 points.

In the VN30 basket, there were 26 stocks that decreased in price, only 3 stocks increased slightly and BVH remained at the reference level. As a result, this index dropped 26.45 points, equivalent to 2.22% to 1,163 points.

Transactions on the entire HoSE floor reached more than 8,300 billion VND. Foreign investors net sold more than 201 billion VND.

Some securities companies said the market decline occurred when a series of large-cap stocks were sold off heavily. In particular, market-leading codes such as VCB, SSI, SAB, STB, MBB, VIC, VHM, MWG... all fell to the floor with a decrease of 0.7% to 3.5%.

Since then, the downward trend of this group of stocks has spread to many other industry groups, causing investors to trade very cautiously.

Mr. Truong Xuan, a new investor, said that at 9:30 a.m. he had matched 7,000 QTP shares at VND15,400/share. After that, the price of this stock dropped to VND15,300/share, putting him at risk of losing money.

"However, I still expect this stock to bounce back because QTP's business activities are improving," said Mr. Truong Xuan.

Statistics show that in the morning session of August 22, almost all industry groups listed on all three exchanges HOSE, HNX and UpCom turned red. The group with the most significant declines was construction materials down 2.24%, real estate down 1.66%...

Source: https://nld.com.vn/kinh-te/chung-khoan-lai-dong-loat-giam-manh-vn-index-mat-gan-25-diem-202308221125468.htm