Many stocks fell sharply during the session with connection problems on the HoSE floor.

Connections from the systems of some securities companies to the system of the Ho Chi Minh City Stock Exchange were intermittent in the early afternoon session of March 6. The market adjusted relatively, but many small and medium-cap stocks fell sharply.

Selling pressure increased in the afternoon session.

The intermittent incident increased selling pressure in the afternoon session.

Entering the trading session on March 6, the market performance remained relatively positive as some large-cap stocks increased and pulled the indices above the reference level. Previously, the VN-Index successfully broke the resistance of 1,264-1,267 points in the session on March 5 and closed near the 1,270 point area. However, liquidity was lower than the previous session due to investors' caution as the market did not grow evenly.

In the session of March 6, Vin's stock fluctuated strongly when it increased by more than 3% to the highest level of 46,850 VND/share, SAB also climbed to 61,800 VND/share, corresponding to an increase of nearly 5%.

However, similar to previous times, when the market pulled the "pillar", especially the "pillars" like "family" Vin or SAB, the selling pressure increased sharply in small and medium-cap stocks, which caused the indexes to fluctuate narrowly around the reference level for most of the morning session.

Selling pressure increased at the end of the morning session, pulling most stock groups below the reference level. The notable point of the market took place in the afternoon session.

Investors from many securities companies reported that trading orders on the HoSE were delayed in the afternoon session on March 6. Some securities companies have sent notices to investors about the delay in trading orders on the HoSE. VPS said that from 1:30 p.m. on the afternoon session on March 6, 2024, trading orders on the HOSE were delayed, which may affect investors' order placement and cancellation. According to Techcombank Securities (TCBS), order placement, cancellation, and order modification transactions on the HOSE are temporarily suspended. The inability to place, cancel, or modify orders in the afternoon session on March 6 has also been reported by many investors.

Information this afternoon, Ho Chi Minh City Stock Exchange said that the connection from the system of some securities companies to the system of Ho Chi Minh City Stock Exchange was intermittent at the beginning of the trading session on the afternoon of March 6, 2024. After the ATC trading session, the connection was stable. The Department is coordinating with the system operation support service provider (FPT Information System Company Limited) to check and determine the cause.

In the context of unstable trading, selling pressure at times rose very high and caused a series of stock groups to fall deeply, especially stocks in the mid- and small-cap groups. However, demand was quite strong and helped the recovery take place at the end of the session, somewhat narrowing the decline of the indices.

At the end of the trading session, VN-Index decreased by 7.25 points (-0.57%) to 1,262.73 points. The entire floor had 130 stocks increasing, 356 stocks decreasing and 67 stocks remaining unchanged. HNX-Index decreased by 1.9 points (-0.8%) to 235.45 points. The entire floor had 63 stocks increasing, 115 stocks decreasing and 65 stocks remaining unchanged. UPCoM-Index decreased by 0.54 points (-0.59%) to 91.24 points.

Market liquidity was at the same level as the previous session. Total trading volume reached 1,063 million shares, worth VND24,897.8 billion, up 2% in value compared to yesterday's session. Of which, negotiated transactions contributed VND1,7835 billion. On the HNX, total trading volume reached 109 million shares, worth VND2,234 billion.

According to statistics from the Ho Chi Minh City Stock Exchange, the total number of orders in the entire market on March 6, 2024 was 1,177,809 orders (average of the 10 previous trading sessions: 1,142,638 orders).

Many small and medium stocks fell sharply, HQC hit the ceiling and ranked first in liquidity.

In the real estate group, DIG decreased by 2.5% today. Similarly, PDR decreased by 2.2%, NVL decreased by 2.3%... Meanwhile, NLG went against the general market correction trend and increased by 1.3%. The same situation also happened in the steel group. HSG decreased by 2.3%, HPG decreased by 1.1%, while NKG decreased slightly by 0.2%, TLH went against the trend and increased by 2.7%.

The securities group also recorded some differentiation, while red covered codes such as VDS, SHS, TCI, VIX, VND..., names such as CTS, BVS, DSC... maintained a very strong increase, BVS was even pulled up to the ceiling price of 31,900 VND/share.

In the large-cap group, SAB, MSN, GAS, TCB and BCM played a supporting role in helping to slow down the decline of VN-Index. Of which, SAB closed the session up 4.1% and contributed 0.76% to VN-Index. GAS increased 1.4% and contributed 0.62%. TCB increased 1.3%, contributing 0.48%.

On the other hand, GVR decreased by 2.7% and was the stock that had the most negative impact on the VN-Index, taking away 0.79 points. VPB decreased by 1.8% and took away 0.68%...

In terms of liquidity, the trading volume of Hoang Quan Real Estate (HQC) shares today topped the list of matched orders in the entire market with nearly 46 million units. At the end of the session, HQC hit the ceiling price of VND4,570/share. Following that, GEX and NVL matched orders of 37 million shares and 35.8 million shares, respectively.

Foreign investors continued to net sell about 239 billion VND in the whole market, of which VHM was the most net sold with 216 billion VND. VIX was next with a net selling value of 116 billion VND. Meanwhile, NLG was the most net bought with 85 billion VND. SSI and CTG were net bought with 73 billion VND and 71 billion VND respectively.

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