Large-cap stocks are dragging down the stock market.

The market saw 28 large-cap stocks fall, and this trend spread to hundreds of others.

At the close of trading on June 24, the VN-Index plunged nearly 28 points, falling to 1,254 points. On the HoSE (Ho Chi Minh City) exchange, there were 378 declining stocks and only 74 rising stocks.

The HNX – Index ( Hanoi Stock Exchange) also fell 4 points to 239 points, with 13 stocks declining and 39 stocks rising. The UpCom market, meanwhile, dropped 1 point to 99 points.

In particular, among the 30 large-cap stocks (VN30 group), as many as 28 were in the red, and this trend spread to hundreds of other stocks. Notably, TPB fell 3.9%, VBP fell 3.8%, SSB fell 4.8%, SSI fell 2.5%, STB fell 3.8%, PLX fell 3.7%, MSN fell 3.3%, and so on.

This development surprised many investors because there was no news in the market that could negatively impact stock prices.

Furthermore, some securities companies are merely speculating that the heavy selling pressure on stocks may be due to investor anxiety, as the market has shown no signs of improvement in the last five trading sessions.

VCBS Securities Company stated that selling pressure is widespread across many stock sectors. Therefore, investors should maintain a cautious attitude, avoid using margin at this time, limit new stock purchases, and patiently wait for signs of market recovery.

Source: https://nld.com.vn/co-phieu-lon-nhan-chim-chung-khoan-196240624155620689.htm