Stocks plummet - VnExpress Business

VN-Index lost more than 21 points after the session on March 8 when selling pressure increased sharply, causing red to cover the market, especially in the banking group.

Stocks opened today above reference, but the green color did not last long. A few minutes after the ATO session, the VN-Index was pulled back to red when selling pressure prevailed. Groups with high capitalization proportions such as banks, consumer goods, and real estate continuously fell. The HoSE index extended its decline, up more than 10 points at the end of the lunch break.

The index's decline accelerated in the early afternoon as selling pressure continued to increase. It was not until after 2 p.m. that the index had a slight recovery. However, the pullback only served as a springboard for stronger selling pressure.

VN-Index closed today's session at 1,247.35 points, down more than 21 points (1.66%) compared to the previous session. VN30-Index lost more than 26 points (2.06%) to 1,250.2 points. On the Hanoi Stock Exchange, HNX-Index and UPCOM-Index fell more than 0.4%.

Total market liquidity today reached over VND35,800 billion. Of which, HoSE accounted for over VND32,500 billion, an increase of nearly VND6,900 billion compared to the previous session and the highest level in over 6 months.

Foreign investors net sold more than 660 billion VND today, for the 4th consecutive session.

At the end of the session, HoSE had 89 stocks increasing in price, compared to 408 stocks decreasing. In the VN30 group, only BCM kept the green color, 29/30 remaining stocks closed in red.

Leading the decline today is the banking group. BID is the stock that has the most negative impact on VN-Index when this code decreased by more than 4%, down to 51,100 VND. Other banking stocks also performed negatively, such as MBB, TPB, TCB, CTG decreased by more than 3%. VPB, STB are lower than the reference price by more than 2%.

Other codes in the consumer goods and real estate groups were similar. VNM and MSN both fell 2.8%. Meanwhile, MWG, VRE, and HPG lost over 2%.

Securities stocks, the group that has been receiving attention recently, mostly closed in a downtrend. SSI lost 2.4%, FTS, VCI, HCM lost 2-3%.

On the other hand, HVN increased by more than 2%, contributing the most positively to the index. Other codes such as DGW, PAN, DBC, DCM traded positively.

Minh Son

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