Stocks fell sharply in the afternoon session.

The VN-Index fell nearly 12 points in the first trading session of the week, as selling pressure surged in the afternoon, forcing a number of stocks to turn from green to red.

Following the decline at the end of last week, the stock market opened cautiously today. The VN-Index fluctuated near the reference point before rising to nearly 1,255 points. Liquidity was average, and the narrow range of many leading stocks indicated a tug-of-war in the market. This state was maintained until the beginning of the afternoon session, before the market "changed direction".

Around 2 PM, selling pressure surged in the VN30 group and then spread to the entire market. Banking and retail stocks were pulled down sharply, breaking the market's consolidation pattern.

Intense selling pressure caused the market to continuously decline, with the VN-Index closing near its lowest point of the day at 1,235.49 points, down nearly 12 points from the previous session. The VN30-Index lost more than 15 points (1.2%), falling to 1,235.12 points. On the Hanoi Stock Exchange, the HNX-Index dropped more than 1%, while the UPCOM-Index decreased by 0.6%.

Total market liquidity reached over 26,600 billion VND. Of this, liquidity on the HoSE exchange accounted for over 23,800 billion VND, a decrease of nearly 9,300 billion VND compared to the previous session. Foreign investors made net purchases of over 248 billion VND today, the highest since January 22nd.

Red dominated the HoSE exchange, with 106 stocks rising compared to 392 stocks falling.

Within the VN30 index, only three stocks maintained positive gains: GVR, VNM, and HDB. The rest saw declines: VRE and BCM fell by over 3%, MBB and MWG lost 2.8%, whileSHB , BVH, VPB, and PLX were more than 2% below their reference prices.

According to VNDirect , bank stocks dominated the group impacting the market. VCB alone caused the market to lose nearly 1.4 points, closing down 1.1%. VPB, MBB, BID, and TCB were all among the top 10 stocks with the most negative impact on the VN-Index.

In the remaining sectors, real estate, securities, oil and gas, and insurance all faced selling pressure. Conversely, some stocks in the telecommunications, chemical, and healthcare sectors attracted attention.

Minh Son

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