Investors lose patience, stocks are on fire, VN-Index drops more than 37 points

October 3, 2023 15:36 Nhat Linh Print article

ANTD.VN - After many sideways sessions, selling pressure occurred on a large scale when investors lost patience, causing the stock market to turn red, with the VN-Index falling more than 37 points today.

After four sessions of almost flat market scores and almost “disappeared” cash flow, many investors began to lose patience and placed sell orders right at the beginning of the session. The VN-Index almost fell freely just about 15 minutes after opening.

Although the bottom-fishing buying force later eased the decline, it could not help the indices recover. The entire VN30 basket was in red, with a series of large stocks such as: MSN, VIC, GVR, SSI, GAS, VPB all falling by around 3%, even MWG at one point reached the floor price.

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Selling pressure causes stock indexes to plummet

At the end of the morning session, the HOSE floor had only 32 stocks increasing and 474 stocks decreasing, VN-Index decreased 28.74 points (-2.49%), down to 1,126.51 points.

Similarly, HNX also had only 27 codes increasing and 141 codes decreasing, HNX-Index decreased 7.16 points (-3.02%), down to 229.57 points.

UPCoM-Index this morning decreased 1.39 points (-1.57%), down to 87.3 points.

In the afternoon session, after a sharp decline at the beginning of the session, the market also made an effort to recover but failed. VN-Index closed today at its lowest price, at 1,118.1 points, down 37.15 (-3.22%) points.

Similarly, HNX-Index decreased 10.04 points (-4.24%) to 226.68 points; UPCoM-Index decreased 2.01 points (-2.27%) to 86.68 points.

On the 3 floors today, there were 851 codes that decreased, overwhelming compared to only 140 codes that increased. The number of codes that decreased to the floor today was 83 codes, of which, HoSE alone had 54 codes that closed the session in light blue.

Securities continued to lead the decline with 12 stocks falling to the limit, closing the session with the entire industry index down nearly 6.5%. Next were real estate - construction, banking... also falling very deeply.

In the VN30 basket, only HDB maintained the reference price, the rest all decreased deeply, of which GVR hit the floor price. SSI, MWG, BID, STB, HPG, VIC all decreased by 5-6%...

Market liquidity improved compared to previous sessions with nearly VND24,000 billion traded on 3 exchanges, of which HoSE alone was over VND21,000 billion. Foreign investors net sold more than VND165 billion.

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