The stock market decline may not stop at a 40-point drop.

The stock market today (September 25) opened in the red with fast trading speed and continuously sliding below the reference line. The sell-off appeared in a series of stocks with sparse demand showing investors' pessimism in the face of strong market fluctuations.

At the end of the session, the VN-Index decreased by 39.85 points, equivalent to 3.34% to 1,153.20 points. Similarly, the HNX-Index closed at 231.50 points, down 11.65 points. Liquidity on HOSE reached VND23,495 billion.

Market breadth was negative with 18/18 sectors in the red. The chemical sector led the decline, followed by financial services, communications, construction and materials...

Regarding stocks, the light blue color of VIC negatively impacted the VN-Index when it took away more than 3.3 points. Following in the list of stocks with a downward trend today are a series of bluechips that hit the floor or approached the floor price such as CTG, GVR, CTG...

In contrast to domestic cash flow, foreign investors started to disburse net purchases again with liquidity of 700 billion VND on HOSE. They focused on investing in HPG, SSI, VHM, VNM...

All sectors on the stock market were dyed red in today's session. Photo: BSC

From a technical perspective, experts from VCBS Securities said that in terms of the hourly chart, the two indicators MACD and RSI continued to trend downwards negatively, erasing the probability of forming two bottoms. This shows that selling pressure may continue in the short term. In addition, the fact that the DI- and ADX indicators are both trending up also shows that active selling liquidity may increase more strongly in the following sessions.

Investors are advised to temporarily observe market developments and stop new disbursements. At the same time, they can consider reducing their portfolio with a low stock ratio of about 20%, with priority given to holding stocks that have not broken out strongly from the most recent price base or have adjusted lower than the general index in today's session.

According to BSC Securities, bottom-fishing cash flow has appeared at the 1,150-point threshold but is still modest. Therefore, the risk that VN-Index will continue to decline in inertia in tomorrow's session is still very high. Investors should trade cautiously in the coming sessions.

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