Stock prices fell again.

Concerns about the loss of over 2 billion shares in last weekend's sharp decline triggered a sell-off among investors, including foreign investors, causing the market to plummet once again this morning, August 22nd.

Concerns have arisen over the more than 2 billion shares that plummeted last weekend being credited to accounts.

At the close of the morning session, the HOSE exchange saw 490 stocks decline in price, with nearly 150 experiencing sharp drops of 5-7%, while only 46 stocks saw slight gains. The VN-Index fell nearly 25 points, or 2.11%, to 1,155 points.

Within the VN30 basket, 26 stocks declined, only 3 saw slight increases, and BVH remained at its reference price. As a result, the index fell by 26.45 points, or 2.22%, to 1,163 points.

Total trading volume on the HoSE reached over 8,300 billion VND. Foreign investors sold net more than 201 billion VND.

Several securities companies stated that the market decline occurred as a series of large-cap stocks were heavily sold off. In particular, leading stocks such as VCB, SSI, SAB, STB, MBB, VIC, VHM, MWG… all fell sharply, with declines ranging from 0.7% to 3.5%.

Consequently, the downward trend in this group of stocks spread to many other sectors, causing investors to trade with extreme caution.

Mr. Truong Xuan, a new investor, said that at 9:30 AM he executed an order for 7,000 QTP shares at 15,400 VND per share. Afterward, the share price dropped to 15,300 VND per share, putting him at risk of losses.

"However, I still expect this stock to rebound because QTP's business operations are improving," said Mr. Truong Xuan.

Statistical data shows that, during the morning session of August 22nd, almost all sectors listed on all three exchanges (HOSE, HNX, and UpCom) turned red. The sectors with the most significant declines were construction materials (down 2.24%) and real estate (down 1.66%).

Source: https://nld.com.vn/kinh-te/chung-khoan-lai-dong-loat-giam-manh-vn-index-mat-gan-25-diem-202308221125468.htm