Stocks plunged again at the end of the session.

The VN-Index, which was trading near its reference level, unexpectedly dropped more than 18 points in just 15 minutes during the ATC (After-Trading Closing) period before closing, with a series of stocks being pushed down to their floor prices by selling pressure.

The rally at the end of last week did not help the market improve, as many securities companies still advised investors to be cautious about the trend. The VN-Index opened this week in the red as pressure on large-cap stocks continued to weigh on the index.

Vingroup group stocks, such as VIC, VHM, and VRE, all traded below their opening reference prices. VIC even dropped nearly 4% at one point. Low liquidity and cautious sentiment kept the market moving sideways around the 1,050-point mark throughout the morning session.

In the afternoon session, the Vingroup group showed improvement, helping the VN-Index return close to its reference level. VRE surged from its red position, at one point rising nearly 5%. VHM returned to its reference level, while VIC narrowed its losses in the middle of the afternoon session. However, the rest of the market remained in decline as selling pressure prevailed.

During the ATC (Auction Closing Time) session, unexpected developments occurred. Selling pressure surged, causing many stocks to suddenly drop to their floor prices. FRT traded at 89,000 VND until 2:30 PM but plummeted to its floor price of 86,400 VND just minutes after the ATC session. DGW, KBC, GEX, VGC, and several other stocks experienced similar declines. The VN-Index, which had been near its reference level, unexpectedly fell sharply.

At the close of trading, the HoSE index stood at 1,042.4 points, down 18.22 points (1.72%). The VN30-Index lost nearly 20 points (1.87%), falling to 1,047.63 points. On the Hanoi Stock Exchange, the HNX-Index lost more than 3%, while the UPCOM-Index fell nearly 1%. After today's session, the VN-Index has fallen to its lowest price in over 5 months, since May 5th.

Red dominated the HoSE exchange with nearly 400 stocks declining, compared to only 111 that rose. In the VN30 index, 25 out of 30 blue-chip stocks closed below their reference prices.

Leading the declines were stocks in the securities sector. In the VN30 index, SSI closed near its floor price, down 6.6%. In the mid-cap group, MBS, BSI, CTS, FTS, HCM, and VND all fell by more than 5%.

The real estate sector performed similarly. Among large-cap stocks, GVR lost 6.7%, while other stocks like SCR, QCG, DIG, DXG, and VCG also declined sharply. The retail and construction sectors also saw similar results.

Total market liquidity reached only nearly 12,000 billion VND. Of this, liquidity on the HoSE exchange recorded just over 10,100 billion VND, a decrease of more than 3,600 billion VND compared to the previous session and the lowest level in a month. Foreign investors sold net nearly 88 billion VND today, marking the fifth consecutive net selling session.

Minh Son

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