Stocks fell sharply due to sell-off

SGGPO September 18, 2023 16:53

Facing increasing pressure to sell off to cut losses, VN-Index continued to decline in the first trading session of the week and fell deeply, gradually falling back to 1,200 points. The number of stocks falling was 3 times higher than the number of stocks rising.

Investors sell off, flooding the market with red

The Vietnamese stock market on September 18 not only witnessed a sell-off by domestic investors, but foreign investors also continued to net sell nearly 478 billion VND on the HOSE floor, contributing to the VN-Index losing nearly 16 points.

Most major industry groups in the market decreased in points. Banking stocks were flooded with red, in which EIB decreased by 6.5%; TCB, CTG, BID,VIB ... all decreased by more than 2%; VCB decreased by 1.11%, VPB decreased by 1.77%... Real estate groups also decreased sharply, especially large-cap stocks such as: VHM decreased by 3.07%, VIC decreased by 1.12%, BCM decreased by 1.45%, VRE decreased by 2.46%, NVL decreased by 3.97%, PDR decreased by 1.72%, DIG decreased by 1.47%...

Securities stocks increased positively in the morning session, but in the afternoon session, many stocks also decreased sharply such as: VIX decreased by 2.81%, TVS decreased by 3.16%, ORS decreased by 1.55%, VDS decreased by 1.1%. On the contrary, some stocks remained green such as VND increased by 2.29%, FTS increased by 1.26%; SSI, HCM, BSI, AGR, CTS... all increased by nearly 1%.

While the general market plunged, seafood and steel stocks went against the trend. Specifically, VHC increased by 4.92%, IDI increased by 2.16%, ANV increased by 2.24%; HSG increased by 1.87%, NKG increased by 0.23%...

At the end of the trading session, VN-Index decreased by 15.55 points (1.27%) to 1,211.81 points with 399 stocks decreasing, 122 stocks increasing and 44 stocks remaining unchanged.

At the end of the session on the Hanoi Stock Exchange, the HNX-Index also decreased by 2.28 points (0.9%) to 250.48 points with 134 stocks decreasing, 58 stocks increasing and 55 stocks remaining unchanged. Liquidity decreased compared to the previous session, with the total transaction value in the whole market being only nearly 22,000 billion VND.

Source