Stocks suddenly changed direction and 'fell' sharply from historical peak, losing 24 points

The stock market this morning witnessed a surprising reversal of the VN-Index when the index changed from green to red in a short time. Selling pressure increased suddenly, at one point it fell more than 30 points before narrowing to nearly 24 points.

Stock market under strong selling pressure

At the beginning of the trading session, positive sentiment continued to spread, helping the VN-Index increase by nearly 7 points and approach the 1,565 point mark. However, the state of excitement did not last long. After only about 30 minutes, profit-taking pressure began to appear, pushing the index to quickly decline.

By around 9:30 a.m., the negative trend became clearer as selling pressure spread, causing the VN-Index to plummet to 1,526 points - a decrease of more than 30 points compared to the beginning of the session. The VN30 index, representing large-cap stocks, also witnessed a sharp decline, at one point losing up to 37 points.

By the end of the session, the HoSE index narrowed its decline, but still lost nearly 24 points, down to 1,533.61 points after setting a new record yesterday. Red dominated the HoSE with more than 258 stocks falling, three times the number of stocks rising.

In the VN30 basket, the number of stocks that decreased was overwhelming with 26 stocks decreasing, only GAS, VIB and VNM remained green. Market liquidity skyrocketed when after only 90 minutes of trading, more than 1 billion shares were matched.

But by the end of the morning session, the total transaction value on the HoSE floor was nearly VND36,500 billion, showing that many investors were in the mood to "buy goods" when the market adjusted.

This morning, securities stocks became the focus of profit-taking. VIX quickly fell from its bullish status (-1.8%), while SSI fell nearly 4.5% with a matched value exceeding VND1,000 billion.

Except for SHS which still maintained green (-1.96%), most were under "dumping" pressure and fell into a correction state with an amplitude of 1-4%. Banking stocks also shared the same "tone" as the securities group. VPB, MBB, SHB , LPB, HDB, BID, VCB, ACB... all decreased with an amplitude of 1-5%.

Not only VN-Index, two other indexes UpCOM Index and HNX-Index also turned down, losing 0.59% and 0.45% respectively. Total transaction value exploded with nearly 41,000 billion VND in the morning session - a new record for the stock market.

Before today's trading session, many securities companies warned about the possibility of the market facing a correction after a period of hot growth exceeding historical peaks.

Some market analysts also recommend that investors consider taking profits from a portion of their portfolio, while waiting for deep corrections to gradually disburse funds for medium-term goals. On the contrary, chasing stocks in the current high price range is considered risky and should be limited.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-bat-ngo-doi-chieu-roi-manh-tu-dinh-lich-su-mat-24-diem-20250729114346291.htm