Blue-chip stocks were heavily sold off.

SGGPO 23/05/2023 17:04

Of the top 30 stocks by market capitalization and liquidity, only 6 managed to stay in positive territory, while the remaining 24 declined.

Blue-chip stocks plunged into the red.

The Vietnamese stock market performed poorly on May 23rd due to heavy selling by investors in large-cap stocks.

Specifically, among the large-cap bank stocks, onlyACB and HDB managed to stay in positive territory, while many others such as VCB, BID, TCB, CTG, VPB, MBB, STB, VIB… all fell by nearly 1 to 1.5%.

The securities sector showed strong divergence, with many stocks reversing their upward trend and falling, such as SSI down 0.22%, VCI down 1.02%, BSI down 1.38%, while VND increased 1.54%, HCM increased 1.72%, FTS increased 1.09%, and TVS increased 1.98%.

Many large-cap stocks in other sectors such as real estate, food and beverages, information technology, and oil and gas all declined simultaneously. Specifically, SAB fell 1.06%, VNM fell 1.76%, MSN fell 2.22%, GAS fell 1.58%, NVL fell 1.12%, KDH fell 1.35%, KBC fell 1.65%, NLG fell 2.1%, VCG fell 1.46%, and SCR fell 1.76%, dragging the VN-Index down by nearly 5 points.

During this trading session, foreign investors also reversed course and sold net nearly 605 billion VND on the HoSE exchange.

At the close of trading, the VN-Index fell 4.79 points (0.45%) to 1,065.85 points, with 266 stocks declining, 139 rising, and 67 remaining unchanged. At the close of trading on the Hanoi Stock Exchange, the HNX-Index also decreased by 0.11 points (0.05%) to 215.79 points, with 85 stocks declining, 81 rising, and 167 remaining unchanged.

Market liquidity remained relatively high, with the total trading value on the two official exchanges reaching approximately over 14,400 billion VND.

Source: https://www.sggp.org.vn/co-phieu-blue-chips-bi-ban-manh-post690826.html