VN-Index lost more than 14 points, the sharpest decline in the past three months

More than 280 stocks fell, causing the VN-Index to spend most of the trading time below reference and close with a decrease of more than 14 points, down to 1,231.89 points.

After yesterday's slight increase, some experts believe that the market may have a slow recovery in the short term. However, investors need to closely monitor the domestic exchange rate situation and the State Bank's moves in the coming time to determine the market trend more clearly.

In reality, the opposite happened when the VN-Index was in the red since the opening, but the decrease range was relatively narrow, even rebounding to the reference point at times. The index representing the Ho Chi Minh City Stock Exchange gradually widened the decrease range from the end of the morning session due to strong selling pressure.

In the afternoon session, the index continued to fall sharply before closing at 1,231.89 points, losing 14.15 points from the reference and marking the sharpest decline in more than three months. The last time the index fell more than this level was on August 5 when it lost approximately 49 points.

Market breadth was tilted towards the downside as 284 stocks closed in red, while the number of stocks increasing was only 82. The VN30 basket was strongly differentiated as the selling side dominated, leading to 23 stocks closing below the reference, while the number of stocks increasing was 5.

HPG became the strongest factor in pushing down the index when it fell 2.77% to 26,300 VND. Banking stocks were also on the list of 10 stocks that negatively impacted the VN-Index. Specifically, CTG fell 2.18% to 33,600 VND, BID fell 1.41% to 45,500 VND, VCB fell 0.54% to 92,000 VND, VPB fell 1.81% to 19,000 VND, TCB fell 1.51% to 22,800 VND and MBB fell 1.45% to 23,800 VND.

Securities stocks also moved negatively. Specifically, BSI fell 6.8% to VND44,450, VDS fell 4.9% to VND18,450, VCI fell 4.8% to VND32,950 and AGR fell 4.2% to VND17,050.

Selling pressure also appeared in the oil and gas group when most stocks decreased. Of which, PVD decreased by 2.5% to 23,200 VND, POW decreased by 1.7% to 11,500 VND, GAS decreased by 0.7% to 69,000 VND and PVT decreased by 0.7% to 27,900 VND. PSH was the only code that increased to the ceiling price in this group, up to 3,850 VND and closed with no sellers.

On the other hand, BCM increased by 1.03% to 68,600 VND, thereby becoming the market's support in today's session. The next positions in the list of positive impacts on VN-Index come from many different groups of stocks such as aviation, real estate, seaports, etc. Specifically, HVN increased by 0.96% to 26,250 VND, HAG increased by 3.98% to 11,750 VND, LGC increased by 3.33% to 62,000 VND and VIC increased by 0.25% to 40,700 VND.

Market liquidity today reached VND16,132 billion, an increase of nearly VND800 billion compared to the previous session. This value came from about 693 million shares traded, an increase of 32 million units compared to yesterday's session. The VN30 basket contributed a trading volume of more than 252 million shares and liquidity of approximately VND7,168 billion.

Domestic investors focused on buying HPG when this code topped the matched value with about 708 billion VND (equivalent to 26.6 million shares). The next positions were VHM with more than 690 billion VND (equivalent to 17 million shares) andFPT with approximately 653 billion VND (equivalent to 4.7 million shares).

Foreign investors maintained their net buying position for the sixteenth session. Specifically, foreign investors sold nearly 104 million shares, equivalent to VND2,483 billion, while only spending VND1,542 billion to buy 67 million shares. The net buying value accordingly reached VND941 billion.

Foreign investors focused on selling FPT with a net value of VND200 billion, followed by VPB with more than VND99 billion, MSB with VND83 billion and SSI with VND74 billion. In contrast, foreign cash flow focused on MCH shares with a net value of VND247 billion. HAH ranked next with a net absorption of more than VND32 billion, followed by VRE with approximately VND26 billion.

Source: https://baodautu.vn/vn-index-mat-hon-14-diem-giam-manh-nhat-ba-thang-qua-d230028.html