Stocks fell 29 points after conquering a historic peak

(Dan Tri) - The stock market was excited this morning, VN-Index surpassed its all-time high. However, at the end of the session, the market corrected, down 29 points.

At the end of today's session (September 5), the stock market quickly reversed when a series of stocks were submerged in red.

From 2 p.m. onwards, VN-Index started to show signs of reversal due to widespread selling pressure. By the end of the session, the index fell more than 29 points after conquering the historical peak, to 1,666.97 points. Liquidity on HoSE reached more than VND48,820 billion. In the VN30 group, only 3 codes VJC, GVR, SAB remained green.

The remaining pair VIC - VRE returned to the reference level, although this morning, VIC was the stock that created the main driving force for the market, at times increasing by nearly 4%. The remaining 24 stocks in the VN30 basket decreased, in whichSHB , SSI, TPB and VPB decreased by more than 4%...

Banking stocks also fell sharply, affecting the general index, such as VPB, MBB, SHB, HDB,ACB , EIB. Foreign investors continued to net sell more than 1,420 billion VND in this session. Codes that were net sold strongly were VPB, VHM, MBB, HDB, TCB, MWG...

Stocks exceeded 1,700 points in the morning session but by the afternoon they had corrected down 29 points (Illustration: Dang Duc).

Earlier, at the opening session of the morning, VN-Index easily conquered the 1,700-point mark - the highest ever. At 9:47, the index increased by 5.5 points to 1,701.66 points. Green dominated both floors, with HoSE liquidity exceeding VND7,400 billion.

The VN30 large-cap stocks group mostly moved in green, but still could not conquer the resistance level of 1,900 points.

Banking stocks such as TCB, ACB, MBB, VPB still have a strong impact, contributing to the leading role of the index. In addition, there are some other large-cap stocks in the industry such as VIC, SSI, MSN, VJC...

In just the first minutes of trading, SHB (Saigon - Hanoi) shares recorded a large trading volume of over 21.5 million units. Next was HPG ( Hoa Phat ) with nearly 12 million units.

Steel stocks are divided this morning after yesterday's exciting trading. Some codes are losing points like HPG, HSG; some are flat and a few others are slightly increasing.

Pillar stocks related to the "Vingroup family" increased simultaneously, such as VIC, VRE, VPL, except for VHM which decreased by nearly 2%.

At 10:42, VN-Index was steady at 1,710.91 points. VIC (Vingroup) shares increased by more than 3.4%, leading the excitement in the VN30 group.

Trading volume of SHB and HPG codes continues to increase strongly. Of which, SHB has liquidity of over 37 million units.

Temporarily closing the morning session, VN-Index increased by 9 points to 1,705.3 points. Liquidity on HoSE floor reached more than 20,134 billion VND.

Cash flow trend is leaning towards large-cap stocks, such as VIC, TCB, KBC, VJC, SSI, MSN...

The stock market is excited in the context of the upcoming FTSE review to upgrade from frontier market to emerging market on October 7. Vietnam has met 7/9 necessary criteria, the remaining two criteria on payment cycle and failed transaction costs have also made significant progress.

HSBC has just given an estimate in an optimistic scenario that FTSE's upgrade could help Vietnamese stocks attract a maximum of 10.4 billion USD from foreign capital flows.

Source: https://dantri.com.vn/kinh-doanh/chung-khoan-giam-29-diem-sau-khi-chinh-phuc-dinh-lich-su-20250905095415773.htm