Stocks continue to fall

The 20-point reversal session last weekend somewhat affected market sentiment. At the opening session of this week, red still dominated. VN-Index opened around 1,280 points for a few minutes and then retreated to near 1,275 points. However, the downward pressure was not too strong as the support force was at the low price zone.

The market shifted to a tug-of-war state within the range of 1,270-1,280 points. Cash flow shifted more selectively, focusing on some groups such as steel, fertilizer, and seafood. Meanwhile, pillar stocks such as banks and real estate fluctuated, mostly below the reference.

At the end of the session, VN-Index decreased by more than 5 points (0.4%), down to 1,274.77 points. VN30-Index lost nearly 7 points (0.51%), down to 1,309.7 points. On the Hanoi Stock Exchange, HNX-Index and UPCOM-Index closed close to the reference.

Market liquidity was at an average level, with transaction value on HoSE recording nearly VND23,000 billion. Of which, the group of 30 large-cap stocks traded more than VND8,200 billion.

In VN30, some banking, steel, and consumer goods codes traded actively. SSB closed up nearly 2%, POW, HPG increased over 1%. Some other banking codes such as MBB, VPB closed in green.

On the contrary, MSN, BID, VIB decreased by more than 2%, GAS, FPT, HDB, MWG, PLX, TCB were about 1% lower than the reference.

In the remaining group, steel, fertilizer and seafood stocks were noticed. HSG closed at the ceiling price, NKG added more than 4%. The seafood group with VHC, ANV or fertilizer stocks such as DCM, DPM closed above the reference.