At the opening of the morning session on September 11, selling pressure eased after the stock market had just dropped more than 12 points in the previous session. In the session on September 10, many bank stocks, along with technology giant VNG (VNZ) and the insurance group, fell sharply.

However, caution still prevailed in the market in the morning session of September 11.

Selling pressure increased from around 10am, after information that NVL shares of No Va Real Estate Group Corporation ( Novaland ) were put on the list of stocks ineligible for margin trading by the Ho Chi Minh City Stock Exchange (HoSE). The reason is that this group delayed the announcement of the audited semi-annual financial report for 2024 after 5 working days from the deadline for information announcement.

NVL shares immediately turned to the floor, losing 850 VND (-7%) to 11,850 VND/share. In the early morning of September 11, this stock increased slightly to 12,750 VND/share. By 10:40, more than 30 million NVL shares were matched, mostly at the floor price. The remaining floor sell order still reached nearly 4 million units.

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Real estate stocks fell sharply. Photo: HH

Many other real estate stocks also fell in price. Vinhomes (VHM) of billionaire Pham Nhat Vuong fell by VND850 to VND41,950/share. Vingroup (VIC) fell by VND800 to VND42,200/share. Vincom Retail (VRE) fell by VND300 to VND18,900/share.

DIC Corp (DIG) decreased by 650 VND to 21,850 VND/share. Dat Xanh (DXG) decreased slightly by 200 VND.

Most of the VN30 group's pillar codes decreased in price, only SeABank (SSB) and VietJet (VJC) increased slightly.

At 10:45, the VN-Index decreased by more than 10 points, to 1,245 points.

VNZ shares of VNG Corporation increased by about 40,000 VND, to 380,000 VND/share after falling sharply in many previous sessions. Last weekend, VNZ appointed Mr. Kelly Wong as acting general director. However, the company that owns Zalo network said that Mr. Le Hong Minh is still the CEO.

Insurance stocks such as BVH, PVI, MIG, BIC, PTI… are under selling pressure after falling sharply in the previous session. Investors are concerned that Yagi could negatively impact the business results of the insurance industry.

At the request of the Department of Insurance Management and Supervision (Ministry of Finance), enterprises must proactively determine damage to people and property, make advances, compensate and pay insurance money promptly to insurance buyers and beneficiaries.

Foreign investors tended to buy more than sell many key stocks in the morning session of September 11. However, transactions remained quite low. The group of foreign investors has sold billions of dollars since the beginning of the year and is one of the major obstacles to the stock market.

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