Stocks closed the first session of the week in red as selling pressure prevailed, NVL nearly hit the floor price and VN-Index retreated to near the 1,100 point threshold.
As predicted by analysts, the market faced short-term correction pressure, as the VN-Index failed to conquer the resistance level around 1,120-1,130 points at the end of last week. The pressure increased from the beginning of the session, forcing the HoSE index below the reference level. Of which, real estate and banking were the two groups with the strongest profit-taking.
Many codes in this group opened in green, such as NVL, PDR, VHM, BID, STB, but the increase only lasted for the first few minutes of the session. The selling side dominated while the buying force was weak, causing the decline to quickly widen. The VN-Index also continuously decreased over the trading time.
In the afternoon session, the market recovered after the lunch break but the sellers still dominated. VN-Index closed down nearly 10 points (0.88%), retreating to near 1,100 points. VN30-Index fell more than 10 points to 1,098.94 points. On the Hanoi Stock Exchange, HNX-Index and UPCOM-Index both closed in red.
VN-Index closed the session on June 19 down nearly 10 points. Photo: VNDirect
Red dominated at the end of the session, with HoSE recording more than 300 stocks falling, compared to 113 stocks rising. In the large-cap group alone, 18/30 stocks closed below reference.
Leading the decline in VN30 were two real estate stocks NVL and PDR. Novaland shares nearly hit the floor price, losing 6% as foreign investors net sold more than 24 million shares. During today's session, more than 67 million NVL shares were traded. PDR also closed down more than 4%, with liquidity recording more than 25 million shares.
In the remaining codes, VCB, MSN, VIC decreased around 3%, VHM, TCB, HDB lost more than 1%, BID, STB, BVH decreased nearly 1%.
In the mid-cap segment, real estate stocks such as SCR, NBB, QCG, and HQC closed in red. In addition, stocks related to the APEC group, such as API and APS, fell dramatically as selling pressure increased.
Liquidity on HoSE decreased to VND14,300 billion, with more than 800 million shares changed hands. Of which, the VN30 group traded more than VND5,400 billion.
Minh Son
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