Stocks had another strong 'fall' session, more than 600 codes were submerged in red

The stock market experienced a gloomy trading week - Photo: QUANG DINH

Stocks are "sad", falling in prices in most industry groups

The stock market entered this morning's trading session relatively gloomy, with red dominating. The tug-of-war continued as both active buying and selling were at low levels, and liquidity continued to decrease across the board.

At the end of the morning session, VN-Index decreased by more than 3 points, falling back to 1,255.96 points.

However, after the lunch break, selling pressure increased, at one point the VN-Index "fell" 20 points before narrowing the decline to nearly 14 points.

Market breadth was tilted towards sellers with 618 stocks falling compared to 212 stocks rising. The VN30 group contributed 18 stocks falling, putting pressure on the overall market.

The decline in stocks: GVR, BID, HPG, FPT , VPB, HVN, CTG... contributed greatly to the index's decline.

Adjustments have taken place in most industries, notably banking, securities, real estate, information technology, etc.

At the end of the week, VN-Index fell to 1,245 points, with liquidity reaching over VND20,800 billion. Recent liquidity trends show that both cash flow and supply remain hesitant in the last sessions of June.

Foreign investors have withdrawn more than 50,000 billion VND

Notably, foreign investors continued to have a very strong net selling session today on the Vietnamese stock market with more than 1,200 billion VND. Thus, this group has had 17 consecutive net selling sessions.

Data from securities companies shows that in the first 6 months of the year, foreign individuals and organizations recorded net sales of more than VND50,000 billion, a figure equivalent to the whole year of 2021, while individuals have been the main demand force since the beginning of the year.

Some analysts believe that after a sharp 28-point drop at the beginning of the week, the market has been "stuck" with 3 sideways sessions and low liquidity.

Today is also the last session of the second quarter, the closing of NAV (net asset value) at large funds may affect some pillar stocks.

Meanwhile, the USD Index (DXY) continued to increase and surpassed the 106-point mark. This development put considerable pressure on the exchange rate - a factor that is seen as suppressing the market's growth momentum.

In the free market, the USD price surpassed 26,000 VND for the first time and shows no signs of cooling down, causing concern.

Not to mention that in the second quarter, trading volume on the UpCOM floor has improved, with strong participation of individual investors' cash flow. When the "stars" that increase in price have adjustments, the market is hard to avoid being affected.

In addition, the continuous and drastic net selling of foreign investors has significantly affected the psychology of domestic investors.

Source: https://tuoitre.vn/chung-khoan-lai-co-phien-rot-manh-hon-600-ma-chim-trong-sac-do-20240628152644005.htm