Stock market plunged into liquidity crisis on June 2nd.

SKĐS - The Vietnamese stock market (VN-Index) fell by more than 18 points on June 2nd amidst dwindling liquidity and discouraged investor sentiment.

At the close of trading, the VN-Index retreated to 1,826 points, down 18.07 points (-0.98%), while the two sub-indices HNIndex and UpIndex increased by 3.15% and 0.17% respectively.

Liquidity continues to be a major concern for investors as a series of stocks reach their base price levels (from a technical perspective) without any bottom-buying activity. This leads to a continued decline in the benchmark index, which is highly likely to approach the 1,800-point mark.

According to VPS data, liquidity on the HSX exchange reached just over 19.4 trillion VND, while HNX reached nearly 1 trillion VND and UpCom was less than 500 billion VND.

The lack of upward momentum in the market has led to investor pessimism, resulting in a massive sell-off of stocks across almost all sectors.

Stock markets continued to fall on June 2nd with liquidity drying up.

According to trading statistics, the HSX exchange saw a dominant selling side with 226 declining stocks, while only 87 stocks turned green. The ratio on the HNX exchange was 83/62 and on the UpCom exchange 125/117.

Amidst the gloomy picture of the Vietnamese stock market, some bright spots still emerge. These include FPT shares (+2.61%), VGI (+0.22%),ACB (+0.88%), SSB (+1.41%), and others.

Real estate stocks experienced the heaviest sell-off on June 2nd, with Novaland 's NVL shares quickly hitting the floor price with over 24 million shares unsold, while many other real estate stocks saw sharp declines of 2-5%.

Joining the selling frenzy in the real estate sector was the oil and gas sector, with strong selling pressure on BSR (-3.15%), COM (-6.66%), PVD (-2.50%), POW (-1.81%), etc.

Foreign investors continued to net sell on the VN-Index with a value of over 500 billion VND, concentrated in HPG (-124.19 billion VND), HDB (-122.22 billion VND), ACB (-119.05 billion VND), etc.

Conversely, foreign investors heavily bought FPT shares worth over 482 billion VND, followed by MWG at 65.30 billion VND and GMD at 24.21 billion VND.

In anticipation of the trading session, analysts recommend that investors can hold their existing stock portfolios while observing the market, waiting for favorable signals before making new purchases to maximize profits and reduce trading risks.

Source: https://suckhoedoisong.vn/chung-khoan-2-6-chim-trong-con-khat-thanh-khoan-16926060218092003.htm