Stock market: The market is in the red, foreign investors net sell 1,000 billion VND.

ANTD.VN - Strong selling pressure towards the end of the session caused the electronic board to be dominated by red, with the VN-Index falling nearly 18 points. Strong capital inflows reached nearly $1.5 billion in liquidity, while foreign investors net sold over VND 1,000 billion.

The stock market opened today on a rather optimistic note. Just minutes after opening, the VN-Index successfully conquered the 1,250-point mark.

However, the 1,250 level also proved to be a tough resistance point, as the HOSE index quickly retreated during the continuous trading session and narrowed its gains towards the end of the session.

The initial excitement seemed to be a "hoax" as the market lacked leading blue-chip stocks, and the indices quickly retreated towards the reference level. The number of declining stocks gradually outnumbered the number of rising stocks, and red quickly covered the electronic board by the end of the morning session.

Thị trường chứng khoán diễn biến tiêu cực trong phiên đầu tuần ảnh 1

The stock market experienced negative performance at the start of the week.

At the close of the morning session, only 170 stocks on the HOSE exchange were rising, while 319 were falling. However, thanks to SAB and VIC, the VN-Index managed a slight increase of 1.6 points, reaching 1,243.08 points. Total trading volume reached over 550 million units, with a value exceeding 13,000 billion VND.

On the HNX exchange, increased selling pressure caused the market to reverse and correct downwards. At the end of the morning session, the HNX-Index fell 0.59 points (-0.23%), to 355.62 points. The UPCoM-Index also decreased by 0.22 points (-0.24%) to 94.5 points this morning.

In the afternoon session, selling pressure unexpectedly surged, causing stock prices to continuously decline. There were moments of support that helped the index recover slightly, but overall, selling pressure dominated, dragging many stocks down further.

However, the rather sharp market correction also served as a waiting point for some of the money that had been on the sidelines during the almost continuous three-week rally. Even so, this money was not willing to bid higher, thus failing to prevent the indices from falling.

At the close of trading, the VN-Index stood at 1,223.63 points, down 17.85 points (-1.44%), marking its third consecutive day of decline. Large-cap stocks fell sharply, causing the VN30-Index to drop by more than 18 points (-1.48%) to 1,230 points.

On the Hanoi Stock Exchange, the HNX-Index lost 4.87 points (-1.9%), falling to 251.33 points; the UPCoM-Index also lost 1.01 points (-1.07%) today, closing at 93.71 points.

Red dominated the trading board, with the HoSE recording 446 declining stocks compared to only 85 rising stocks. Among large-cap stocks, 26 out of 30 blue-chip stocks closed in the red.

Within the VN30 index, SAB was the most positive stock, rising over 4%, PLX increased over 1%, and VPB slightly surpassed the reference price. Conversely, GVR fell over 4%, VRE andSHB lost over 3%, while VHM, STB, MSN, HPG, VJC, and TPB declined by over 2%.

Outside of the VN30 index, the real estate sector faced a surge in selling pressure. NVL was the most actively traded stock on the entire exchange with a trading value exceeding 1,500 billion VND, falling to its floor price. Several other stocks such as DXS and HTN also fell to their lower limit, while DIG and HQC also declined sharply.

Foreign investors sold a net of over 1 trillion VND today, marking the fifth consecutive net selling session and the highest net selling volume in several months.

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