VN-Index decreased by more than 11 points

At the end of the trading session on December 19, VN-Index decreased by 11.33 points (-0.89%) to 1,254.67 points. Total trading volume reached more than 779.4 million units, worth VND 17,881.2 billion, up 46% in volume and 40% in value compared to yesterday's session. HOSE had 75 codes increasing and 322 codes decreasing. The bluechip group, except for SSB shares, unexpectedly suffered increased supply pressure and fell sharply by 4.4% to VND 16,500, while the rest maintained a price range of just over or under 1%.

However, liquidity of some bluechips increased sharply and recorded the highest matched volume on HOSE floor this session, such as SSI leading with 30.7 million units, HPG matched 30.3 million units,SHB matched 22.1 million units, VPB matched 21.1 million units.

Meanwhile, the HNX floor had 57 stocks increasing and 86 stocks decreasing. The HNX-Index increased by 0.11 points (+0.05%) to 227.54 points. The total matched volume reached more than 58.7 million units, worth VND1,115.5 billion.

The UpCoM-Index decreased by 0.34 points (-0.37%) to 92.73 points. The total matched volume reached more than 42.5 million units, worth VND603.2 billion.

The domestic stock market fell sharply due to the impact of the US stock market plunge.

The decline of the domestic stock market was not unexpected and was predicted by experts. The reason is that in the trading session last night, US stocks fell sharply after the Fed announced a rate cut. All three key indexes were flat before falling sharply because of the decision to cut interest rates by 0.25% by the US Federal Reserve (Fed). At the end of the session, DJIA lost 2.58% to 42,326 points. S&P 500 fell 2.95% to 5,872 points. The Nasdaq Composite dropped the most with 3.56% to 19,392 points.

All 11 sectors in the S&P 500 index fell. Cryptocurrency-related stocks also lost value after Fed Chairman Jerome Powell said the agency is not allowed to own Bitcoin and does not want to change the law to do so. Earlier, the market rumored that the Trump administration would create a Bitcoin reserve as early as next year.

In addition, stock indexes were also red in the Japanese and Korean markets. Investors sold off stocks even though the FED cut interest rates for the third time this year but said there would only be two interest rate cuts in 2025, less than the four cuts previously forecast, contributing to the sell-off of international stocks.

Hao Nhien

Source: https://vtcnews.vn/vn-index-giam-hon-11-diem-ar914906.html