Stocks "fell" nearly 95 points in the first session of the week

In the first trading session of the week, October 20, selling pressure increased sharply across the market, especially in large-cap stocks, causing the VN-Index to plunge nearly 95 points, falling back to near 1,630 points.

On the Ho Chi Minh City Stock Exchange, after opening, the market had a slight differentiation, but selling pressure quickly spread, making buyers cautious, waiting for lower prices. By lunchtime, the VN-Index fell more than 20 points, down to 1,710.67 points.

Many stocks in the VN30 basket hit the floor. Screenshot

In the afternoon session, selling pressure became stronger, pushing the index down deeply. At the end of the session, VN-Index lost 94.76 points (-5.47%), to 1,636.43 points; VN30-Index decreased 106.28 points (-5.38%), to 1,870.86 points.

On the electronic board, red covered the entire market with 325 codes decreasing in price, only 34 codes increasing. In the VN30 basket alone, all 30 codes decreased, of which 13 codes hit the floor, including: HPG, HDB, GVR, MBB, MSN, SSI, STB, TCB, TPB,VIB , VPB, VRE...

Although not hitting the floor, Vingroup 's two major stocks, VIC and VHM, fell 4.46% and 6.9%, respectively, causing the VN-Index to lose 8.16 points and 7.41 points. In addition, the banking group also put great pressure on the codes VCB, TCB, BID, CTG..., each code took away more than 4 points.

Most industry groups decreased; in which many industries decreased deeply such as securities and consumer services decreased by more than 6%; banking, real estate, raw materials, energy and essential aviation all decreased by more than 5%.

Liquidity increased sharply compared to the previous session, reaching more than VND53,000 billion, showing huge selling pressure. Foreign investors continued to net sell with a buying value of VND4,369 billion and selling value of VND6,337 billion.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index was at 263.02 points, down 13.09 points (-4.74%); the HNX30-Index was at 563.19 points after falling 44.95 points (-7.39%). The entire exchange had more than 4,500 billion VND traded.

Source: https://hanoimoi.vn/chung-khoan-roi-gan-95-diem-phien-dau-tuan-720304.html