Stocks fell sharply in the last 30 minutes, a series of stocks in Vingroup and GEX groups 'hit the floor'

The negative developments in the stock market became more evident at the end of the trading session on October 27. Selling pressure increased sharply, causing many large stocks to suddenly fall to their floor prices.

The stock market continues to be under pressure to correct, many investors "embrace" losses - Photo: QUANG DINH

Notably, this afternoon, stocks belonging to Vingroup and GEX simultaneously switched to a state of drastic decrease, contributing to the general market being submerged in red.

Stocks lost more than 30 points

The stock market closed the trading session on October 27 with red covering the whole market. VN-Index dropped sharply by more than 30 points to 1,652.54 points, recording nearly 180 stocks adjusted down.

The negative developments were mainly concentrated in the last 30 minutes of the session, when selling pressure suddenly increased sharply, leaving many investors "unable to react".

In the morning session, active buying power remained low, causing the index to quickly reverse and decrease after a few minutes of slight increase at the beginning of the session.

However, the decline was temporarily reduced at the end of the morning session due to weakening selling pressure. The unexpected development only appeared when selling pressure increased sharply in the afternoon session, especially in large-cap stocks.

Accordingly, Vingroup stocks fell sharply, with VIC losing 2.28% of its market value while Vinhomes' VHM and Vincom Retail's VRE also moved to "floor" status.

Not stopping at Vingroup, a series of other real estate stocks were also under strong selling pressure. Many codes such as CEO (-9.74%), DIG (-6.85%), CII (-6.93%)... simultaneously decreased by the amplitude, causing the entire real estate industry to plummet 3.6% - becoming the group with the strongest decline in the market during the session.

Next, the banking group was also in red when it lost 1.6%. A series of codes decreased by over 2% such as HDB (-4.89%), MBB (-2.46%), TCB (-2.91%), CTG (-2.41%), VPB (-3.08%)...

The stock group continues to be the negative focus of the market as selling pressure spreads, causing many investors to have a "headache" holding stocks in a downtrend.

Notably, SSI recorded a decrease of -3.33%, and at the same time became the stock with the strongest net selling by foreign investors in the session, with a value of up to 580 billion VND - leading the list of stocks being sold.

Foreign investors continue to net sell trillions

In terms of liquidity, the HoSE recorded a trading value of VND30,700 billion, higher than the end of last week. This figure shows that bottom-fishing money is gradually returning to the market, as many investors take advantage of the opportunity to disburse at low prices in the context of strong index adjustments.

The point of interest is the foreign capital flow when this group continued to net sell more than 1,200 billion VND in today's session. This figure has raised the total accumulated net selling value from the beginning of the year to over 112,000 billion VND.

Last week, foreign investors net sold a total of more than VND4,400 billion, while domestic individual investors net bought VND900 billion, and domestic organizations net bought VND3,400 billion.

ETF funds also maintained a net selling trend, with 243 billion VND in the week and accumulated from the beginning of the year to October 24 reaching 15,300 billion VND.

According to Mirae Asset Vietnam, in terms of valuation, the market-wide P/E ratio has decreased from 17 times to 16.2 times, lower than the long-term average of 16.7 times.

In the short term, market volatility is forecast to remain high, so investors need to prioritize risk management and limit holding stocks with unattractive valuations.

In the long term, the prospect of upgrading Vietnam's stock market is still considered an important growth driver, which can help attract more foreign capital and create a foundation for a sustainable recovery period of the market in the coming time.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-giam-manh-30-phut-cuoi-loat-co-phieu-nhom-vingroup-gex-nam-san-20251027152730968.htm