Real estate stocks plunge

SGGPO 09/14/2023 16:21

Real estate stocks are the "culprits" causing the market to fall sharply, in which VIC and VHM fell close to the floor.

The Vietnamese stock market continued to fall sharply on September 14 due to great pressure from pillar stocks. In particular, real estate stocks fell by a large margin, putting pressure on the market. Specifically, VHM fell by 5.95%, VIC fell by 6.25%, NVL fell by 6.27%, PDR fell by 3.24%, DIG fell by 3.87%, VCG fell by 3.3%, NLG fell by 3.43%, BCG fell by 4.12%, CII fell by 3.33%, DXG fell by 2.29%, SCR fell by 3.34%... In addition, contributing to the sharp decline of the VN-Index were HPG down by 2.11%, FPT down by 2.14%, GVR down by 1.35%, MSN down by 1.87%...

The group of securities stocks continued to decrease after a sharp increase with VIX down 3.5%, HCM down 3.25%, VCI down 1.83%, ORS down 2.54%, CTS down 1.84%, VDS down 2.42%, SSI down only 0.42%...

Banking stocks were differentiated with CTG up 2%, VIB up 3.33%, MBB and HDB up nearly 1%, MSB up 1.37%... while SSB fell over 313%, BID, TCB, ACB, VPB, SHB , STB, OCB... down less than 1%. Steel stocks also fell sharply with HPG down 2.11%, HSG down 3.18%, NKG down 3.4%...

At the end of the trading session, VN-Index decreased by 14.58 points (1.18%) to 1,223.81 points with 409 stocks decreasing, 99 stocks increasing and 58 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, HNX-Index also decreased by 4.25 points (1.66%) to 251.86 points with 149 stocks decreasing, 57 stocks increasing and 39 stocks remaining unchanged. Liquidity remained high with a total trading value in the entire market of nearly VND30,800 billion. Foreign investors net sold nearly VND210 billion on the HOSE.

Source