After briefly falling below the 1,200-point mark, the VN-Index quickly recovered in the final minutes of the session and closed at 1,215 points.
The VN-Index opened in positive territory, then quickly fell below the reference level. The index fluctuated continuously during the first half of the morning before entering a continuous decline until the end of the session.
The market worsened in the afternoon as the benchmark index of the HoSE exchange fell below 1,200 points. By around 1:25 PM, the VN-Index had dropped below 1,192 points – a decrease of nearly 25 points compared to the reference level.
After the ATC session, the decline narrowed, with the VN-Index closing at 1,215.7 points, about 1 point lower than yesterday. The VN30-Index performed better, rising 4.8 points.
The index declined slightly, but across the HoSE exchange, 361 stocks closed in the red, 2.6 times more than those that closed in the opposite direction. The market was mainly improved by a few large-cap stocks.
Overall, real estate and stocks were the two sectors experiencing negative performance. NVL closed 4.5% lower than the reference price, while DXG fell another 4.3%. Other stocks such as DIG, PDR, CEO, and CII also declined by 2% or more.
In the securities sector, EVF shares fell 4.6% in market value. Other highly liquid stocks like VIX, VND, and VCI mostly declined by less than 2%. However, some stocks bucked the market trend, such as CTS which rose 5.4% and MBS which increased 2.2%.
Conversely, banks were a positive contributor to the market. The top four stocks supporting the VN-Index all belonged to this sector: TCB, BID, CTG, and MBB. Following them were LPB, VPB, andACB . The common increase for bank stocks was around 1-2%.
The decline in the VN-Index narrowed compared to yesterday, partly due to the gradual easing of the sell-off. Liquidity on the HoSE today decreased by more than 3,200 billion VND to approximately 30,300 billion VND.
Another positive sign is that foreign investors returned to net buying after two sessions of selling, but their net buying value was only over 70 billion VND.
Tat Dat
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