Stocks fell more than 14 points, falling to a 3-month low

VN-Index was sold off fiercely and fell more than 14 points, falling to 1,231 points, the lowest level in the past 3 months.

VN-Index has the biggest drop in the past 3 months. (Photo: Phuong Lam)

The Vietnamese stock market performed relatively poorly for most of the trading session on November 14. From the opening time until the early afternoon session, the VN-Index mainly sank below the reference level with a decrease of about 5 points.

By 2 p.m., supply suddenly surged and took complete control of the market. The VN-Index thus plummeted and breached the strong support zone of 1,240 points.

The sudden drop in the index quickly triggered a wave of sell-offs. The lack of supportive cash flow also caused the VN-Index to increase its losses and correct deeper.

At the end of the session, VN-Index decreased by 14.15 points (-1.14%) to 1,231.89 points; HNX-Index decreased by 2.4 points (-1.06%) to 223.82 points; UPCoM-Index decreased by 0.48 points (-0.52%) to 91.87 points.

Liquidity improved to more than VND 18,300 billion, but mainly due to active selling pressure.

Red covered the whole market with 480 codes decreasing (including 14 codes hitting the floor), 872 codes remaining unchanged and 259 codes increasing (including 19 codes hitting the ceiling).

The VN30 large-cap stock basket also contributed 23 stocks to decrease, 2 stocks remained unchanged and only 5 stocks increased. The index representing the basket thus decreased by more than 17 points to 1,286 points.

VN-Index falls to 3-month low. (Photo: TradingView)

The large-amplitude adjustment of a series of bluechips such as HPG (-2.8%), CTG (-2.2%), BID (-1.4%), GVR (-2.3%), VCB (-0.5%),VPB (-1.8%), FPT (-1.3%), TCB (-1.5%), MSN (-2.2%) or MBB (-1.5%) is one of the reasons for the sharp decline in the index.

Meanwhile, the support from BCM (+1%), HVN (+1%), HAG (+4%), LGC (+3.3%), VIC (+0.3%), GMD (+1.2%), HAH (+4.1%), VSC (+4.4%), VHM (+0.1%) or SSB (+0.3%) did not create much positive impact.

In the context of "red-hot" industry groups, only a few stocks went against the market. Typically, the transportation and seaport group, in addition to the above codes, still recorded some stocks that improved such as GMD (+1.2%), VTP (+0.5%), VTO (+0.7%), SGP (+2%), DXP ​​(+1.7%).

Or the garment group has TCM (+0.8%), VGT (+0.7%), MSH (+1%), GIL (+4.5%).

Today, the market witnessed more than 760 billion VND of foreign money leaving. In which, FPT (-200 billion VND), VPB (-100 billion VND), MSB (-83 billion VND) led the net selling value.

On the contrary, MCH received an additional 207 billion VND from foreign investors, HAH (+30 billion VND), VRE (+25 billion VND).

Source: https://baoquangninh.vn/chung-khoan-giam-hon-14-diem-roi-xuong-day-3-thang-3329611.html