Selling pressure is lurking, VN-Index falls back to nearly 1,590 points

Photo caption — Investors monitor stock market developments at the HOSE floor. Photo: Hua Chung/VNA

At the end of the morning session, VN-Index decreased by 6.02 points to 1,593.08 points, with trading volume reaching more than 375.1 million units, equivalent to more than 10,649.5 billion VND, up 33.34% compared to the previous session but still lower than the average level of the past month. The entire floor had 110 stocks increasing in price, 186 stocks decreasing in price and 53 stocks remaining unchanged.

HNX-Index decreased 0.99 points to 259.12 points, trading volume reached more than 43.2 million shares, equivalent to more than VND 1,045.4 billion, with 47 codes increasing in price, 80 codes decreasing in price and 48 codes remaining unchanged.

UPCOM-Index decreased 0.77 points to 117.52 points, trading volume reached more than 10.8 million shares, equivalent to nearly 326 billion VND, with 73 codes increasing in price, 100 codes decreasing in price and 72 codes remaining unchanged.

Despite the positive performance of steel stocks, the overwhelming selling pressure across the board continued to drag the VN-Index back closer to the short-term bottom of 1,580 points. Although there were times when the market rebounded, and the VN-Index even showed a glimmer of green, the selling pressure was always present, making it difficult for stocks to advance further and the general index quickly reversed around the price range of 1,590 points.

After about 90 minutes of trading on the HOSE, the number of stocks falling was about 2.5 times the number of stocks rising; none of which hit the floor. The pillars of banking, securities, and real estate all decreased in price, although the decrease was not too large.

On the contrary, this morning, steel stocks recorded strong domestic and foreign demand. At the end of the session, HPG increased by 1.34% (29.5 million shares traded), NKG increased by nearly 1%, HSG increased by 0.3%.

Among the top 10 stocks affecting the VN-Index, VHM had the most negative impact, followed by CTG andFPT . On the contrary, VIC, LPB and HPG contributed most positively to supporting the market.

Diversification continued to dominate the industry groups. The information technology group led the decline with FPT down 2.48%, CMG down 2.57% and ELC down 1.66%. Large-cap groups such as finance, real estate and industry put significant pressure: CTG down 2.04%, HDB down 1.67%, EIB down 2.1%, VIX down 3.88%; VHM down 1.74%, VRE down 1.91%, KDH down 2%, KBC down 1.48%, NVL down 3.08%; ACV down 1.8%, GEE down 2.37%, HVN down 2.3%, GEX down 5.01%, GMD down 2.52%.

Meanwhile, SSI increased by 2.73%, HCM increased by 2.05%, VND increased by 1.85%, LPB increased by 2.03%, MBS increased by 1.75%, VIC increased by 0.65%, VPI increased by 1.89%, CTD increased by 1.06%, BMP increased by 1.47% and HID increased by the full margin.

The media services group temporarily led the market with an increase of 1.63%, thanks to the contribution of leading stocks such as VGI up 2.1% and VNZ up 1.96%.

On the morning session of November 10, divergence continued to dominate industry groups, reflecting investors' cautious sentiment amid strong corrections of many large-cap stocks.

Source: https://baotintuc.vn/thi-truong-tien-te/ap-luc-ban-chuc-cho-vnindex-lui-ve-gan-1590-diem-20251110124655464.htm