Selling pressure intensified, causing the VN-Index to fall by more than 52 points.

Domestic and foreign investors sold off shares heavily, with red dominating the market and the VN-Index falling by more than 52 points.

Selling pressure intensified, causing the VN-Index to fall by more than 52 points on December 12th.

The stock market closed on December 12th with widespread declines. The VN-Index fell sharply by 52.01 points, or 3.06%, to 1,646.89 points. The HNX-Index also lost 5.78 points, dropping to 250.09 points. Across the entire market, more than 660 stocks declined while only 200 increased; in the VN30 basket alone, 29 out of 30 stocks closed in the red.

Liquidity increased slightly compared to the previous session, with over 830 million shares traded on HOSE, equivalent to VND 22,100 billion. On HNX, the volume reached over 81.5 million shares, with a value of over VND 1,600 billion.

In the afternoon session, selling pressure continued to dominate, especially in the final minutes when demand almost completely disappeared, causing the VN-Index to plummet. The stocks with the most negative impact included VHM, VPB, VPL, and TCB. Conversely, PNJ, BMP, QCG, and TMS maintained their gains, but offered insignificant support. On the HNX exchange, PVI, CEO, NVB, and MBS were the stocks exerting the greatest selling pressure.

Most sectors experienced sharp declines. Non-essential consumer goods stocks were the biggest losers, mainly due to the simultaneous plunges of VPL, PET, FRT, and MWG. This was followed by real estate and financial stocks, with numerous shares falling into the red, including VIX, VPB,SHB , TCB, SSI, CEO, VHM, VRE, DXG, and PDR. The energy and industrial sectors also saw significant declines.

Foreign investors continued to net sell VND 594 billion on the HOSE, focusing on VIC, VCB,ACB , and VPX. Conversely, on the HNX, they net bought over VND 29 billion, mainly in PVS, CEO, HUT, and SHS.

The developments on December 12th showed that the current correction stemmed not only from profit-taking pressure but also reflected caution in the face of macroeconomic fluctuations and weak capital flows. Nevertheless, reforms in infrastructure and legal frameworks, along with the prospect of an upgrade, still provide a positive foundation for the medium term, suggesting the market may soon stabilize as sentiment improves and institutional capital returns more strongly.

According to VNA

Source: https://baohaiphong.vn/ap-luc-ban-dang-cao-vn-index-giam-hon-52-diem-529396.html