Real estate stocks plummet.

SGGPO 14/09/2023 16:21

Real estate stocks were the "culprits" behind the sharp market decline, with VIC and VHM falling close to their floor prices.

The Vietnamese stock market continued its sharp decline on September 14th due to significant pressure from blue-chip stocks. Real estate stocks, in particular, experienced large drops, putting considerable pressure on the market. Specifically, VHM fell 5.95%, VIC 6.25%, NVL 6.27%, PDR 3.24%, DIG 3.87%, VCG 3.3%, NLG 3.43%, BCG 4.12%, CII 3.33%, DXG 2.29%, SCR 3.34%, etc. In addition, other stocks contributing to the VN-Index's sharp decline included HPG (down 2.11%),FPT ( down 2.14%), GVR (down 1.35%), and MSN (down 1.87%).

Securities stocks continued to decline after a sharp increase, with VIX falling 3.5%, HCM down 3.25%, VCI down 1.83%, ORS down 2.54%, CTS down 1.84%, VDS down 2.42%, and SSI only down 0.42%...

The banking sector stocks showed mixed performance, with CTG rising 2%, VIB 3.33%, MBB and HDB nearly 1%, and MSB 1.37%, while SSB fell by over 313%, and BID, TCB, ACB, VPB,SHB , STB, OCB… fell by less than 1%. The steel sector also saw significant declines, with HPG down 2.11%, HSG down 3.18%, and NKG down 3.4%.

At the close of trading, the VN-Index fell 14.58 points (1.18%) to 1,223.81 points, with 409 stocks declining, 99 rising, and 58 unchanged. On the Hanoi Stock Exchange, the HNX-Index also fell 4.25 points (1.66%) to 251.86 points, with 149 stocks declining, 57 rising, and 39 unchanged. Liquidity remained high, with a total trading value across the market of nearly 30,800 billion VND. Foreign investors net sold nearly 210 billion VND on the HOSE.

Source: https://www.sggp.org.vn/co-phieu-bat-dong-san-lao-doc-post705608.html