Real estate stocks remain green in sell-off session

SGGPO August 10, 2023 16:39

The market continued to record the second consecutive deep correction session since the VN-Index reached its highest peak since the beginning of 2023 in the first session of the week, the market was immersed in red with the number of stocks falling more than 3 times the number of stocks rising. Only the group of real estate stocks still proudly maintained the green color.

The market had a second consecutive sell-off session, causing the VN-Index to fall deeply.

The Vietnamese stock market on August 10 continued to face widespread selling pressure from both domestic and foreign investors, causing the market to continue to fall sharply. Foreign investors also net sold nearly VND343 billion on the HOSE floor.

Regarding the industry structure, most groups recorded a decrease in points, in which the finance, consumer goods, and raw materials sectors had the highest decrease in points, only the real estate group increased points. Accordingly, the real estate group had QCG, SJS, TDH, VPH hitting the ceiling, VIC increasing by 3.2%, NVL increasing by 3.5%, SCR increasing by 3.3%...

In the VN30-Index basket, 24/30 stocks decreased and only 3 stocks increased: VIC increased by 3.19%, GAS increased by 1% and PLX increased by 0.20%.

Closing the trading session on August 10, VN-Index continued to decrease by another 13.38 points to 1,220.61 points with 371 stocks decreasing, 118 stocks increasing and 45 stocks remaining unchanged.

At the end of the session at Hanoi Stock Exchange, HNX-Index also decreased by 1.97 points to 243.91 points with 128 codes decreased, 68 codes increased and 59 codes remained unchanged.

Liquidity remained high with total transaction value across the market reaching nearly VND23,800 billion, of which HOSE accounted for more than VND20,000 billion.

Foreign investors net sold nearly 343 billion VND on HOSE, focusing on large stocks such as MSN, VPB, SSI, VCB, KBC...

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