A series of securities and real estate stocks 'hit the floor'

A series of real estate and securities stocks fell to their lowest levels in the first session of the week. VN-Index fell nearly 23 points, breaking the 1,620 point mark.

The stock market has just experienced a strong correction session - Photo: QUANG DINH

The stock market continued to perform poorly with high selling pressure. The VN-Index broke through the 1,620 point mark after losing nearly 23 points on November 3.

On all three exchanges, red dominated with nearly 470 stocks decreasing, 28 stocks hitting the floor, while only 229 stocks increased in price.

Except for insurance, information technology and food, most of the remaining sectors traded in negative status.

Leading the decline was the securities group, losing up to 4.35%, reflecting cautious sentiment towards stocks linked to market movements. Of which, VIX and CTS "hit the floor", while SSI, HCM, VCI... all decreased by more than 3%.

Although Vingroup has somewhat "pulled back" the real estate group thanks to the support from leading stocks, it is still generally deep in red. Many large stocks in the industry have simultaneously hit the floor, such as DXG, TCH, NLG, CII, DXS...

Equally "sad" is the banking group with a series of codes adjusting the amplitude over 3% such as VPB (-3.83%), HDB (-4.53%), STB (-5.77%), TCB (-4.27%),SHB (-3.04%)... This industry contributed 5 out of the top 10 codes pulling the index the strongest today, followed by securities, steel, retail stocks...

The market picture was somewhat "recovered" thanks to positive growth in insurance, technology, telecommunications, warehouse, food and oil and gas groups.

In which, stocks PVI, BCH, BMI (insurance),FPT (technology), VGI (telecommunications), GMD, HAH (warehousing), MCH, VNM (food) and PVD (oil and gas equipment and services) all recorded good growth, with breakthrough liquidity in the insurance, technology, MCH and PVD groups...

Regarding cash flow trends, in this sharp decline session, foreign investors reduced their net selling momentum and increased their buying of codes such as FPT, ACB, VJC, PVD, VPB, CII...

Notably, recently, the stock market has continuously seen stronger selling pressure towards the end of the session, causing the index to fall sharply.

In this morning's trading session, VN-Index dropped more than 16 points at one point, before rebounding by more than 12 points thanks to the strong recovery of large-cap stocks. Notably, the "Vin" duo - VHM and VIC contributed nearly 9 points to the overall increase of the index, helping the market regain green after a deep correction at the beginning of the session.

Active selling pressure in the morning session also decreased significantly, while active buying pressure gradually dominated at the end of the session, although the trading volume was still limited in general. But in the afternoon session, the situation reversed, many investors were "unable to react" in time.

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BINH KHANH

Source: https://tuoitre.vn/loat-co-phieu-chung-khoan-bat-dong-san-nam-san-20251103153409212.htm