Stocks fall slowly, low liquidity

Following the opening bell this morning, selling orders were prioritized by investors, causing the index to turn red. At one point, the VN-Index fell by more than 10 points, dropping close to 1,245 points. By the end of the morning trading session, the VN-Index had decreased by 6.82 points, to 1,248.41 points.

In the afternoon trading session, the market showed a more positive trend as more bargain-hunting emerged, causing the VN-Index to rise at 2 PM. However, the gains only lasted a few minutes before the VN-Index fell again.

In today's trading session (September 11th), the VN-Index continued to fall, but the decline was not significant, and liquidity remained low. (Illustrative image.)

At the close of trading, the VN-Index fell 1.96 points (-0.16%) to 1,253.27 points; the VN30-Index closed at 1,293.88 points, down 0.18 points (-0.01%). Declining stocks outnumbered advancing stocks, with 218 falling and 170 rising.

In the VN30 group, the number of gainers and losers was 11 and 14 respectively. Going against the market trend were sectors such as financial services, materials, transportation, consumer services, software, healthcare, semiconductors, and media/entertainment. Among the declining sectors were specialty services and trade, household and personal goods, and retail food and necessities, which fell by over 1%.

The biggest losers in this session were VCB with over 0.8 points; followed by SSB (0.65 points) and NVL (nearly 0.4 points). Conversely, HPG, HVN, VHM,FPT , MBB, VPB, STB, VJC, FTS, and VGC helped prevent further market declines.

Liquidity reached nearly 13,000 billion VND. Foreign investors' buying and selling activity was fairly balanced, with purchases exceeding 1,561 billion VND and sales nearly 1,555 billion VND.

On the Hanoi Stock Exchange, the HNX-Index closed at 231.45 points, down 0.24 points (-0.1%); the HNX30-Index fell 0.13 points (-0.03%) to 502.02 points; nearly 900 billion VND changed hands.

According to Mirae Asset analysts, the VN-Index's fluctuations and sideways movement within the 1,200-1,280 point range are due to a lack of clear growth drivers in the market.

In the medium and long term, Mirae Asset's analysis team believes that the market still lacks sufficient data to assess whether it will soon enter a trend reversal phase, and the VN-Index is likely to continue heading towards the psychological milestone of 1,300 points, given that the VN-Index's P/E valuation remains relatively attractive (trading below the average of the last 10 years).

An Ha

Source: https://www.congluan.vn/chung-khoan-giam-cham-lai-thanh-khoan-thap-post311822.html