Investors are massively selling off shares.

Liquidity reached its highest level in eight months as the market rushed to take profits in real estate, securities, and banking stocks, causing the VN-Index to reverse and fall.

After five consecutive days of gains, the VN-Index repeatedly tested the important resistance level of 1,100 points. However, in yesterday's trading session, the market began to fluctuate within a narrow range, prompting many securities companies to recommend that investors consider taking partial profits.

This morning, the HoSE index rose above 1,115 points during the opening auction. Immediately, strong selling pressure emerged, gradually pushing the index down, at times falling below the reference level. Afterwards, the VN-Index fluctuated around the reference level within a narrow range.

In the afternoon, the index quickly turned red. Although it briefly surpassed 1,110 points, massive selling pressure kept the Ho Chi Minh City stock exchange index below the reference level. At the close of trading, the VN-Index fell by more than 8 points, to 1,101.3 points.

On the HoSE exchange, 269 stocks declined, almost double the 139 stocks that increased. The VN30 basket fared even worse, with 23 stocks falling, dragging the index down by more than 13 points.

The VN-Index plummeted in the afternoon amid strong profit-taking pressure. Photo: VNDirect — VN-Index plummeted in the afternoon amid strong profit-taking pressure. Photo: *VNDirect*

The market reversed course and declined as investors rushed to take profits. Liquidity reached nearly 23,690 billion VND, the highest since April 22nd. Industry, real estate, banking, and securities were the sectors with the highest trading volume.

According to VNDirect, the banking sector contributed six representatives to the top 10 stocks that caused the market to lose the most points, led by the stocks of three banks: BID, TCB, and VPB.

Except for VCB and PGB which increased in price, SGB remained at the reference price, and all bank stocks declined today. NVB saw the sharpest drop at 4.4%, but with negligible trading volume. This sector recorded a series of stocks with trading values of hundreds of billions of dong, but their market prices fell sharply, such as STB,VIB , EIB, and LPB.

In the securities sector, the majority of stocks declined. Over 1.2 trillion VND poured into VND – the highest in the entire market, mainly due to investors selling off their holdings; at one point, active selling accounted for nearly 97%. This pulled VND's share price down 6% compared to the reference price, with buyers appearing at the floor price near the end of the trading session. Additionally, the securities sector also saw many high-liquidity stocks decline in price, such as SSI, SHS, HCM, and VCI.

The real estate sector's stock market is more colorful today. Nine stocks hit their upper limit and one hit its lower limit. Most large-cap stocks in the sector experienced significant fluctuations, with DIG and CEO both falling over 5% from their reference prices, DXG down 4.6%, CII down 3.6%, and NLG also losing 3.3% of its market value.

Not only domestic investors, but foreign investors also traded actively, selling over 2,750 billion VND and buying over 2,440 billion VND worth of shares. The trading value of foreign investors reached its highest level in the past month and a half. The balance continued to lean towards net selling with a margin of over 300 billion VND, mainly in VNM and GEX.

Tat Dat

Source link