Stocks on fire

Red dominated the board today. VN-Index opened below reference price, trading was choppy until the end of the morning session. Selling pressure prevailed, but the holders did not lower the price drastically. Meanwhile, the buyers only placed their stocks at low prices, waiting for market movements.

In the afternoon session, the trend did not change much. The market recovered slightly and returned to near the reference level before 2 p.m. However, selling pressure increased sharply in the middle of the afternoon session, forcing many stocks to fall deeply, and the decrease of VN-Index exceeded 10 points.

Selling pressure prevailed until the close, with the VN-Index falling 15.57 points (1.21%) to 1,271.47 points. The VN30-Index lost more than 18 points (1.4%) to 1,274 points. On the Hanoi Stock Exchange, the HNX-Index and UPCOM-Index both closed in red.

Red dominated at the end of the session, with 368 stocks falling on HoSE, compared to 130 stocks rising. In the large-cap group alone, all 30 bluechip stocks closed below reference.

Market liquidity remained high with transaction value on HoSE reaching more than VND27,400 billion, of which the VN30 group recorded more than VND9,800 billion.

In the large-cap group, the decrease range was generally 1-2%. GVR, CTG, MWG were the three stocks with the strongest decrease of 2.7%, MBB, VIB, SSI, HDB lost over 2% of market value, banking, consumer goods, and steel stocks decreased over 1%.

Sacombank's STB stock liquidity topped the bluechip group with nearly 27 million shares changing hands, equal to 1/4 of yesterday's record session.

Vingroup group decreased the least in today's session, with VIC, VHM and VRE losing only 0.1-0.2% of market value.

In the mid-cap group, red also spread. Recently noticed groups such as real estate, construction, and securities mostly closed below the reference. On the contrary, some codes of fertilizer, oil and gas, and seafood groups remained green.