Red dominates the market on October 7

VTV.vn - The stock market on October 7 recorded quite negative developments. Red dominated most stock groups.

The stock market on October 7 recorded quite negative developments.

This morning, the domestic stock market was stable, without a sudden increase like yesterday when the index increased by nearly 50 points. Investors are waiting for information related to the upgrade of FTSE Russell, expected to be announced early tomorrow morning.

Typically, the group of stocks that led the increase yesterday has been trading more cautiously today. Only 2 stocks that quickly exposed their ceiling prices yesterday, such as SSI or VND, are still green with an increase of approximately 2%, while many other stocks such as VCI, MBS, or VIX are currently adjusting slightly.

Meanwhile, the construction and materials group has a more widespread green color, typically VCG, CTD or LCG. In the context of public investment disbursement only reaching 50% in 9 months, this group is also expected to contribute significantly to promoting this rate to reach 100% by the end of this year.

On the contrary, the large-cap banking group recorded the main red color after yesterday's uptrend. Although the majority of the adjustment amplitude was only around 1%.

Meanwhile, foreign investors continued to net sell, although the selling level of 600 billion VND was not unusual compared to the recent net selling streak.

VN-Index decreased, red dominated the market on October 7

At the end of the trading session on October 7, VN-Index decreased by 10.2 points to 1,685.3 points, with trading volume reaching more than 868.3 million units, equivalent to more than VND 25,132.1 billion. The entire floor had 77 stocks increasing in price, 247 stocks decreasing in price and 48 stocks remaining unchanged.

HNX-Index decreased by 1.82 points to 272.87 points, with a trading volume of more than 107.5 million shares, equivalent to nearly VND2,493 billion, with 42 codes increasing, 104 codes decreasing and 61 codes remaining unchanged. Meanwhile, UPCOM-Index increased slightly by 1.08 points to 110.24 points, with a trading volume of more than 30.9 million shares, equivalent to more than VND415.3 billion, including 140 codes increasing, 97 codes decreasing and 89 codes remaining unchanged.

Large-cap stocks were the main reason for the decline in the VN-Index. In the VN30 basket, only 7 stocks increased, 21 stocks decreased and 3 stocks moved sideways, with small fluctuations, reflecting that selling pressure still exists in the market.

The banking pillar stocks were in red with only 6 stocks increasing and 21 stocks decreasing. In the oil and gas stocks, only TOS increased slightly, the remaining stocks such as PVC, PVB, POS, PVS, BSR , PVD, PLX, and PTV all decreased.

The securities group decreased slightly more than other groups, although the increase of the codes was very small, notably VUA hit the ceiling; SSI increased by 1.37%; VDS, CSI, TVD, ORS, VND, BMS increased slightly by less than 1%. The real estate, information technology, and telecommunications groups continued to be in the red, showing that the general market is under strong selling pressure.

The session on October 7 showed that the market continued to be under selling pressure, with most stocks falling in price. Only the securities group fell slightly compared to other groups. Investors need to closely monitor developments and information on market upgrades to guide their trading in the coming sessions.

Source: https://vtv.vn/sac-do-ap-dao-tren-thi-truong-ngay-7-10-100251007183804137.htm