Stock market on December 12th: Prices fell across the board, VN-Index retreated to 1,646 points.

In the final trading session of the week, the market continued to deteriorate, pushing the index even worse. At the close of trading on December 12th, the VN-Index fell 52.01 points to 1,646.89 points, equivalent to a 3.06% decrease.

In fact, during the session, the main index hit an even lower low of 1,635.8 points, a drop of more than 63 points, equivalent to -3.7%.

VN-Index movement

From the morning session onwards, liquidity continued to weaken while the market lacked any significant supporting stocks. The entire market was covered in red, the number of rising stocks dwindled, and no sector showed enough strength to reverse the trend.

At times, the VN30 index only had two gainers: STB and CTG. It seemed this was the worst performance of the session, but during the deepest decline, no stocks in the VN30 index rose, while both Vingroup stocks hit their lower limit. By the end of the session, only BCM recovered, closing in positive territory and gaining 0.15%.

Conversely, among the 29 declining stocks in the VN30 index, 27 fell by more than 1%, with most experiencing very sharp declines of 2-4%. Some stocks that had managed to stay in positive territory for most of the trading session were affected by the general market sentiment, suddenly plummeting and being sold off at red prices along with the index's decline, such as SSI, CTG, and STB.

By the end of the day, only 40 stocks on the HoSE exchange were in positive territory. Conversely, 296 stocks declined, with 31 hitting the floor limit, including a series of large-cap stocks such as Vingroup's VPL, VHM, VRE, stocks related to the Gelexh ecosystem, and numerous other large-cap stocks like NHL, CII, EIB, HDG, DXG…

Contrary to the market trend, QCG still hit its ceiling price. Of the 40 gainers, half rose by more than 1%. However, in a session where most of the market was under selling pressure like today, these gainers did not have a significant impact on the index.

In terms of sectors, the biggest declines today were in Insurance, Real Estate, Tourism , and Retail, with average drops of 3-4%. HoSe's investment indices also fell significantly as a result.

More worryingly, the sell-off intensified towards the end of the day, creating significant pressure and driving up liquidity sharply. Trading value on the HoSE rebounded to surpass 24,000 billion VND; however, in this declining session, this means investors are accepting lower prices to exit their current positions.

Today's drop of over 3% in the VN-Index marks the sharpest decline in more than a month and a half, both in absolute value and percentage terms. The previous sharpest decline occurred on October 20th, when the HoSE index lost 94.76 points (-5.47%).

The VN-Index bucked global trends while the US market surged on Thursday, with the Dow Jones and S&P 500 setting new records. In Asian markets, the Nikkei 225, HSI, and KOSPI indices also rose by over 1%.

Along with that, the Hanoi Stock Exchange and UPCoM were also affected. The HNX-Index fell 2.26% today and the UPCoM-Index fell 0.61%.

During this session marked by heavy selling, foreign investors showed signs of increased buying. In terms of value, foreign investors bought over 2,100 billion VND today, significantly higher than the previous two sessions. HPG, VRE, SSI, CII, and CTG were among the stocks most heavily bought. However, the value of sales remained higher, bringing the net selling value for December 12th to 570 billion VND.

Notably, during the two previous sessions where the market fell by more than 20 points, proprietary trading desks made net purchases. Specifically, on December 11th, proprietary trading desks made net purchases of 194 billion VND, marking three consecutive net buying sessions on the HoSE.

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