Stocks fell nearly 4.7 points.

Securities transactions at Rong Viet Securities Joint Stock Company (District 1, Ho Chi Minh City), October 2024

The VN-Index chart started October 25th with a gain of 4 points above the reference level. However, thin trading volume resulted in a small increase, and no single group of stocks emerged as a market leader. Towards lunchtime, the index fluctuated, trending downwards below the reference level.

The volatility continued into the early afternoon, with selling pressure gradually spreading. After 2 PM, the index fell further, at one point nearing 1,250 points – a crucial support level during the short-term sideways movement (stock prices trading within a stable range, without forming a trend) and the recent price increase.

After a slight improvement following the ATC order, the VN-Index closed above 1,252.7 points, down nearly 4.7 points from yesterday. This is the lowest price level in over a month.

In this second correction session, the entire HoSE exchange saw 207 stocks in the red, more than the 136 stocks that remained in the green.

Overall, stock prices did not fall too deeply. The index was negatively affected by blue-chip stocks, led by BID, GVR, VIC, MSN, and CTG. The sectors with the sharpest declines were not among the top sectors attracting large capital inflows, such as chemicals, media, oil and gas, and food and beverages.

A positive sign is the decrease in liquidity along with the VN-Index. The total trading value on the HoSE reached nearly 13,800 billion VND, 2,200 billion VND lower than yesterday. This partly indicates that the pressure has eased. Currently, investors still have a preference for holding shares and have not yet found a reason to sell at low prices.

Following the previous sharp decline, securities firms advised investors not to panic or engage in chasing the price drop. Instead, investors should maintain their portfolio allocation in stocks that are holding their upward trend.

Foreign investors continued to net sell over 410 billion VND, with MSN being the focus. Masan 's stock is poised to record a large insider transaction, as Ms. Nguyen Yen Linh, daughter of Chairman Nguyen Dang Quang, registered to buy 10 million shares.

The correction trend continued on both the HNX and UPCoM exchanges. However, the decline was shortened, and the number of stocks falling and rising in price was not significantly different.

VN (according to VnExpress)

Source: https://baohaiduong.vn/chung-khoan-giam-gan-4-7-diem-396493.html