VIC, VHM turned down sharply

SGGPO 08/17/2023 16:04

In this derivatives expiration session, the market was flooded with red. The number of stocks that decreased was more than double the number of stocks that increased, in which, the trio of Vingroup stocks (VIC, VHM, VRE) turned down sharply, pulling the VN-Index down nearly 10 points.

Vingroup shares fell sharply in the session of August 17.

The Vietnamese stock market on August 17 had a group of securities stocks that attracted large cash flows thanks to information related to positive signals from the implementation of the KRX system, so many stocks increased strongly. Although the stock prices cooled down at the end of the session, most stocks still increased. Some stocks maintained good growth rates such as: SSI increased by 3.8%, VDS increased by 2.9%, FTS increased by 1.9%, AGR increased by 1.23%...

Meanwhile, major industry groups such as banking, real estate, oil and gas... all fell sharply. For the real estate group, after hitting the ceiling due to the VinFast effect on the US stock exchange in the previous trading session, VIC also turned down nearly 5% in this trading session due to strong selling pressure. In addition, VHM also fell 3.02% and VRE also fell 2.86%, contributing to the sharp decline of the VN-Index. In addition to the Vingroup trio, many other stocks also fell sharply such as: LDG hit the floor after the company's leaders secretly sold shares and were delisted in the previous trading session, DIG also fell 2.46%, HDC fell 1.88%, DXG fell 2.41%, CII fell 1.57%, IDC fell 1.24%...

The group of large banks leaned towards red, with VPB down 1.12%, TCB down 1.7%. STB down 1.67%, BID, MBB, ACB, SSB down nearly 1%. Only VCB, CTG and VIB kept green but the increase was less than 1%.

At the end of the trading session, VN-Index decreased by 9.78 points (0.79%) to 1,233.48 points with 150 stocks increasing, 320 stocks decreasing and 56 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, HNX-Index also decreased by 2.59 points (1.03%) to 249.97 points with 132 stocks decreasing, 64 stocks increasing and 54 stocks remaining unchanged. Liquidity increased sharply with the total transaction value in the whole market reaching more than 28,500 billion VND.

Foreign investors continued to net sell for the 5th consecutive session on the HOSE floor with a total net selling value of nearly 110 billion VND.

Source