Selling pressure causes VN-Index to drop more than 12 points

In the trading session on July 21, increased selling pressure caused the VN-Index to reverse, falling more than 12 points; liquidity was at a high level.

On the Ho Chi Minh City Stock Exchange, continuing the upward momentum of several previous sessions, after opening, the VN-Index quickly surpassed the 1,500 point mark, at times reaching over 1,510 points after gaining more than 14 points.

However, near the end of the morning session, profit-taking pressure increased, making it impossible to maintain the above level. By lunchtime, the VN-Index temporarily stopped at 1,494.98 points, down 2.3 points.

VN-Index decreased after 3 consecutive increasing sessions. Screenshot

In the afternoon session, the market was red for most of the trading time, the decrease was even stronger at the end of the session. At the close of the market, VN-Index fell to 1,485.05 points, down 12.23 points (-0.82%); VN30-Index was down to 1,628.06 points after falling 15.85 points (-0.96%).

Supply increased, stocks with falling prices dominated. The market recorded 118 stocks going up and 203 stocks going down. In the VN30 group, the number of stocks increasing and decreasing in price was 12 and 17 respectively.

Most industry groups decreased. In the declining groups, real estate, essential goods trade, and telecommunications services were the groups with the sharpest decline.

In the real estate group, most stocks are currently in red. Two pillar codes, VIC and VHM, decreased by 5.88% and 4.17% respectively, taking away 6 points and 3.7 points from the VN-Index.

Going against the market are the raw materials; transportation; utilities; software and services; pharmaceuticals, biotechnology and life sciences sectors.

The selling pressure was quite large but the demand was also high, helping liquidity to be good. The entire floor had more than 35,000 billion VND changed hands. Foreign investors traded strongly and were net buyers. This group bought more than 4,229 billion VND and sold nearly 4,048 billion VND.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index stopped at 245.79 points, down 1.98 points (-0.8%); the HNX30-Index was at 517.63 points, down 7.69 points (-1.46%). The entire floor had nearly 3,000 billion VND changed hands.

Source: https://hanoimoi.vn/ap-luc-ban-khien-vn-index-giam-hon-12-diem-709851.html