Stock market on fire, VN30-Index lost nearly 44 points

Meanwhile, the HNX-Index also decreased by 1.92 points (0.72%) to 265.36 points; the UPCoM-Index alone increased by 0.37 points (0.33%) to 114.24 points.

Total market liquidity reached about VND33,600 billion, of which HoSE accounted for more than VND30,700 billion. On HoSE, red dominated with 178 stocks decreasing and 143 stocks increasing. Foreign investors continued to net sell more than VND1,200 billion.

The volatility of large-cap stocks was the main reason for the market's decline, with the focus being on the "Vin family" stocks: VHM decreased by 6.99%, VIC decreased by 2.28%, VRE decreased by 6.96%, a total of these 3 codes took away more than 10 points from the VN-Index.

Similarly, MWG decreased by 5.48%, GEX decreased by 6.98%, SSI decreased by 3.33%, VJC decreased by 2.61%, CII decreased by 6.93%. Besides, banking stocks such as: HDB, TCB, VPB, MBB, CTG also traded less actively, increasing pressure on the index.

The bright spots in today's trading session are stocks: KBC,FPT , POW, FTS, BVH.

The stock market was on fire in the trading session on October 27. (Illustration photo).

Commenting on the market developments this week, some securities companies forecast that the VN-Index is still in the process of probing the short-term bottom. During this period, investors need to closely monitor the market because the larger the fluctuation amplitude, the higher the risk of correction.

Specifically, Yuanta Vietnam Securities (YSVN) believes that the short-term trend of the general market remains at a downward level. Therefore, investors can hold the proportion of stocks at 20-40% of the portfolio and should only consider buying new stocks with a low proportion to explore the short-term trend.

Tien Phong Securities (TPS) forecasts that in the next trading sessions, if demand continues to weaken, the market recovery is likely to end, and the VN-Index is likely to return to a correction state. However, the 1,600 - 1,620 zone is a reliable support zone in case the VN-Index corrects.

According toACB Securities (ACBS), in the short term, the VN-Index is facing a resistance zone around 1,700 points - an area that can trigger profit-taking pressure if buying power is not strong enough to break out. If the index fails to break through this zone, the VN-Index is likely to return to test the important support zone around 1,600 points in the coming sessions.

HOANG DUNG

Source: https://vtcnews.vn/chung-khoan-ruc-lua-vn30-index-mat-gan-44-diem-ar983515.html