Stocks related to 2 billionaires push stock index down

In the trading session on November 10, VN-Index continued to struggle and was pushed away from the 1,600 point mark. At the end of the session, the index decreased by more than 18.5 points, to 1,580.5 points.

The group of stocks that had the strongest impact on the market were those related to the two billionaires Pham Nhat Vuong and Truong Gia Binh.FPT fell 4.7%, while VHM lost 5.5%.

Along with VHM, " Vingroup " stocks such as VRE and VIC also fell sharply, being in the top 10 stocks with the most negative impact on the VN-Index.

On the other hand, HPG ( Hoa Phat ), TCB (Techcombank) and SSI increased positively, contributing to supporting the market. Of which, HPG increased by 1.5% with a transaction value of more than 1,273 billion VND.

Notably, the group of stocks belonging to the Gelex ecosystem also put pressure on the market. GEX (Gelex) was the only stock that hit the floor on HoSE today, while GEE (Gelex Electricity) fell 6.67%, almost touching the floor.

Market liquidity continues to be gloomy, with transaction value on HoSE reaching only over VND21,300 billion.

According to ACBS Securities Company, VN-Index continued to record remarkable fluctuations when it once again recovered from the 1,600 point zone, but strong selling pressure last weekend caused the index to fall below this support level.

Market liquidity remains low, with most sessions below the weekly and monthly average, reflecting cautious sentiment and weakening bottom-fishing cash flow.

Although the VN-Index has been fluctuating in the low price range for nearly 3 weeks, there has been no clear signal of new money entering the market. In that context, the possibility of the index continuing to be under short-term correction pressure still exists, with the nearest support zone around the 1,560 point mark.

Meanwhile, TPS Securities believes that the VN-Index has made a strong correction, falling deep to the support zone of 1,600 points at the end of last week. Despite a recovery during the session, the index still closed close to the support level, reflecting the tug-of-war and cautious sentiment of investors.

The 1,600-1,620 point area was once considered a reliable support zone, as the VN-Index repeatedly rebounded from here, creating an “anchor effect” in market sentiment. In case the VN-Index fails to maintain the current support zone, the scenario of falling back to the 1,480-1,500 point area should be considered.

Source: https://dantri.com.vn/kinh-doanh/co-phieu-lien-quan-2-ty-phu-day-chi-so-chung-khoan-di-xuong-20251110155708102.htm