Stock market in trouble due to rumors, stocks fall sharply

The trading session on the morning of September 22 showed that pressure from investors to sell goods caused the VN-Index to drop nearly 38 points, below the 1,175 point mark, before recovering slightly and closing the morning down about 33 points.

The stock market's turbulence continued in the early afternoon. After that, the market moved more positively as bottom-fishing money began to join in.

However, at the end of the trading session on September 22, the VN-Index still recorded a decrease of 19.69 points. Stocks were down in a row with 455 stocks decreasing, 47 stocks remaining unchanged, and 70 stocks increasing in price; The entire floor closed at 1,193 points. This was the trading session that recorded the sharpest decrease in the past month.

VN30 index also decreased by 21.50 points.

The stock market on September 22 fell sharply by nearly 20 points.

Financial stocks recorded a sharp decline. The electronic board showed that many stocks in this industry were close to hitting the floor price.

SSI decreased by 2.15 points (6.19%), closing price at the end of the day at 32.50 thousand VND/share, below the reference price, close to the previous floor price of 32.35 thousand VND/share.

BSI decreased 2.9 points (6.93%), closing price at 39 thousand VND/share.

HCM decreased by 2.35 points (6.87%), closing at 31.85 thousand VND/share, below the reference level.

VCI price at the end of the day reached 43.75 thousand VND/share, below reference, down 3.2 points (6.81%).

VIC and VHM both decreased by 2.20 points. VHM's shares ended the day at VND47.85 thousand/share, below the reference price. VIC decreased to VND49.90 thousand/share, only VND1.35 thousand/share higher than the floor price.

VCB is one of the few rare banking stocks that recorded green in today's session with the closing price at VND89,000/share, up 2.3 points (2.64%), recording overwhelming buying power from foreign investors.

BID also recovered slightly with an increase of 0.85 points, closing the day's price at 48,850 VND/share (above reference).

Along with VCB, some stocks of the chemical industry continued to record successful trading sessions such as CSV, KPF, TLH, PTL, LHG, TRC, DGC, PTB, ANV.

According to experts, the rush to sell by investors can come from many reasons.

Firstly, the news that the State Bank issued treasury bills to absorb excess liquidity that had spread in the market earlier has been realized, with the operator withdrawing about VND10,000 billion. Investors predict that the State Bank may continue to absorb liquidity in the near future when the banking system continues to have excess liquidity while exchange rate pressure exists. This will have a strong impact on market sentiment.

Second is information about securities companies limiting or lowering margins at the end of the third quarter, this may take effect next Wednesday.

In particular, the selling momentum spread further when some securities groups spread information about the resignation of senior leaders of HoSE. This information was denied by HoSE in the mid-afternoon session.

HoSE affirms that all HoSE activities are taking place normally. When there is any information, HoSE will officially announce it to the market.

Peach Blossom

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