Stocks go through a "stormy" session because of rumors

ANTD.VN - Investors rushed to sell off during most of the trading session, causing the VN-Index to drop nearly 38 points to below the 1,175 point mark. Cash flow helped the market recover somewhat and narrowed the decline to nearly 20 points at the close of the session.

The stock market was under selling pressure just minutes after opening, except for some seafood and fertilizer stocks, most stocks were in the red.

According to experts, the rush of investors to sell off could come from many reasons.

Firstly, the news that the State Bank issued treasury bills to absorb excess liquidity that had previously spread in the market has been realized, with the operator withdrawing about 10,000 billion VND.

Investors predict that the State Bank may continue to absorb liquidity in the near future when the banking system continues to have excess liquidity while exchange rate pressure exists. This will have a strong impact on market sentiment.

Second is information about securities companies limiting or lowering margins at the end of the third quarter, this may take effect next Wednesday.

In particular, the selling momentum spread further when some securities groups spread information about the resignation of senior leaders of HoSE. This information was denied by HoSE in the mid-afternoon session.

In addition, selling pressure was also affected by the net withdrawal of foreign investors, who have sold more than 6.2 trillion VND since the beginning of the year, with strong sales since August. The fact that PE is approaching a historical high also makes investor sentiment more volatile when the market fluctuates.

Chứng khoán chìm trong sắc đỏ trong phiên hôm nay ảnh 1

Stocks were in the red today.

As usual, the group of securities stocks is always the first “victim” when the market declines. All codes with liquidity of over 100 billion VND lost more than 5% compared to the reference price.

Next is real estate with most of the codes with large liquidity decreasing by over 3% to 6-7% in the morning session.

Banks also had a negative impact on the index, but the decrease was lower than the two above-mentioned industry groups.

The decline was also recorded in most industry groups. All stocks in the VN30 group decreased this morning.

At the end of the morning session, VN-Index fell nearly 33 points, approaching 1,180 points. The entire floor had 503 stocks falling, while only 30 stocks increased. Before that, at one point, VN-Index lost 38 points to below 1,175 points.

Liquidity for the whole morning reached more than 19,500 billion VND, 2.3 times higher than yesterday morning.

In the afternoon session, after a few minutes of trading, the market received information from HoSE leaders denying the high-level personnel changes. Along with the sharp decline of many stocks, bottom-fishing money started to enter the market, helping the indices to narrow the decline, although they were still very low compared to the reference.

Today, the stock group has about 10 codes hitting the floor, many other codes decreased by more than 7% such as HBS, AAS, SHS... The remaining codes also decreased deeply by about 5% or more. The general index of this industry group today decreased by 6.69%.

Real estate also had dozens of stocks hitting the floor. Many large stocks such as VHM and VIC fell sharply, being the main "culprits" dragging down the index. Overall, the industry index fell more than 4%.

However, cash flow has pulled some banking stocks back to green, such as VCB, BID, STB, EIB, thereby helping the general index of the industry group increase slightly by 0.25%. The remaining stocks all decreased, but the largest decrease was only 4%, better than many other stock groups.

Besides banking, seafood processing, household goods, and rubber are the industries that kept green in today's session.

At the end of the session, VN-Index decreased by 19.69 points (-1.62%) to 1,193.05 points. Although the decline narrowed, this was still the sharpest decline since the beginning of the month.

HNX-Index today also decreased by 8.72 points (-3.46%) to 243.15 points; UPCoM-Index decreased by 1.63 points (-1.77%) to 90.76 points.

On the 3 floors, there were nearly 750 codes decreasing, of which 66 codes hit the floor, the number of codes increasing was just over 180 codes.

Market liquidity increased dramatically in the deep decline session, with trading volume reaching nearly 1.68 billion shares, trading value on the three floors reaching nearly 37,300 billion VND. This is the second highest liquidity session since the beginning of the year, after the session on August 18. Of which, HoSE alone is more than 32,000 billion VND.

Foreign investors narrowed their net selling to more than VND82 billion, the fifth consecutive net selling session.

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