Increased selling pressure caused the VN-Index to fall by nearly 8 points.

The Vietnamese stock market performed poorly on September 5th. Increased selling pressure caused the VN-Index to unexpectedly reverse course and fall in the afternoon session, after several attempts to rise in the morning.

Specifically, during the morning trading session, the market recovered quite well, with the VN-Index at one point rising by more than 6 points. However, from around 10 am, selling pressure intensified, causing the index to slow its increase. By the end of the morning trading session, the VN-Index had risen by 2.02 points to 1,277.82 points.

In the afternoon trading session, selling pressure increased significantly, concentrated on key stocks, causing the VN-Index to fall back to the reference level and lose points, at one point dropping nearly 10 points, below 1,270 points.

Today (September 5th), the VN-Index continued to fall by nearly 8 points as selling pressure increased (illustrative image).

At market close, the VN-Index stood at 1,268.21 points, down 7.59 points (-0.59%); the VN30-Index fell 8.66 points (-0.66%) to 1,309.05 points. Trading volume reached over 16,500 billion VND. Foreign investors were active in this session, continuing their net selling. They bought nearly 2,770 billion VND and sold 3,453 billion VND.

Declining stocks outnumbered advancing stocks, with 285 falling and only 118 rising. Notably, within the VN30 group, the number of declining stocks was nearly eight times greater than the number of advancing stocks (23 compared to 3). Most sectors saw declines, with energy, raw materials, vehicles and components, durable goods distribution and retail, software, telecommunications, and healthcare all falling by more than 1%. Food and essential goods retail, semiconductors, real estate, production materials, and hardware were among the sectors showing gains.

The largest stock in the market, VCB, had the strongest impact on the market's decline, falling by 0.99%, deducting 1.22 points; followed byFPT with 0.84 points; GVR (0.77 points), MBB (0.6 points), etc.

Blue-chip stocks in the real estate sector supported the market in this session, with VHM and VIC contributing a combined nearly 2.4 points out of the 2,844 points contributed by the top 10 stocks to the VN-Index.

On the Hanoi Stock Exchange, the total trading value reached nearly 1,000 billion VND. At the close of the session, the HNX-Index decreased by 1.18 points (-0.5%), to 234.96 points; the HNX30-Index closed at 513.75 points, down 4.37 points (-0.84%).

An Ha

Source: https://www.congluan.vn/luc-ban-gia-tang-vn-index-giam-tiep-gan-8-diem-post310748.html