Stocks lost nearly 10 points, investors dumped Loc Troi shares

The stock market is continuously adjusted - Photo: QUANG DINH

Stocks traded sluggishly this morning (October 22) with declining liquidity. At the end of the morning session, VN-Index lost more than 1 point.

In the afternoon session, after 2:00 p.m., stock holders seemed to lose patience, selling pressure became stronger, causing liquidity to increase significantly.

Compared to yesterday's session, HoSE's order matching increased by more than 25% to 728 million units. The total transaction value of the whole market exceeded 20,000 billion VND.

Banking stocks continued to put pressure on the market, falling nearly 1%. The top 10 stocks with the most negative impact included BID, VCB, CTG,ACB , MBB, VIB…

Eximbank's EIB stock continued to increase today (+3.85%). In the previous session, this bank's stock unexpectedly hit the ceiling.

The Vin group of stocks was no longer the "driver" of the index in today's session when Vinhomes only increased by 0.94%, while VRE and VIC decreased by 2.26% and 0.1%, respectively.

On the UPCoM floor, Loc Troi's LTG shares hit the floor (-14.74%) at 8,100 VND, with over 775,000 units remaining for sale.

LTG's bad performance happened right after the Hanoi Stock Exchange (HNX) sent a document to Loc Troi notifying it about putting the stock on the restricted trading list according to regulations.

Accordingly, the shares of this large rice enterprise are only traded on Fridays every week since October 24, because the company is 45 days late in submitting its audited semi-annual financial report compared to the prescribed deadline. The market price of this stock has also lost more than 40% in the past month.

Overall, the market breadth was heavily negative with 450 stocks declining on all three exchanges compared to 250 stocks advancing. The entire market had 860 stocks remaining "unmoved".

Regarding trading trends, foreign investors continued to net sell for the last 8 consecutive sessions. In today's session alone, they net sold more than 200 billion VND.

The codes that foreign investors "dumped" the most were KDH (-66.6 billion VND), VRE (-47 billion VND), SHS (-45 billion VND), FRT (-35 billion VND), HPG (-35 billion VND), VCI (-35 billion VND)...

Stocks continue to fall

The stock market has been continuously adjusted recently. Looking at the exchange rate, the selling price on the free market is 25,560 VND/USD, while banks are offering over 25,400 VND/USD after many consecutive days of increase.

To limit exchange rate speculation, the State Bank has reissued treasury bills. Yesterday, the State Bank withdrew a net VND21,650 billion from the market through the open market channel. The current treasury bill circulation volume is VND33,950 billion.

In the past, when the exchange rate was "tight", the State Bank had to withdraw money, and the stock market often had adjustments.

Source: https://tuoitre.vn/chung-khoan-mat-gan-10-diem-nha-dau-tu-ban-thao-co-phieu-loc-troi-2024102215463044.htm