Many real estate stocks were sold heavily, VN-Index dropped more than 30 points

Many real estate stocks were sold heavily, VN-Index fell more than 30 points. Illustration photo: VNA

At the end of the trading session on October 27, VN-Index decreased by 30.64 points to 1,652.54 points; HNX-Index decreased by 1.92 points to 265.36 points. The market breadth was tilted towards the selling side with 536 stocks decreasing in price, while only 125 stocks increased in price. In the VN30 basket, there were 24 stocks decreasing, 5 stocks increasing and 1 stock remaining unchanged.

Market liquidity increased compared to the previous session, with more than 903 million shares matched on the HOSE floor, equivalent to VND27,800 billion; the HNX floor recorded 91.1 million shares, worth more than VND2,100 billion.

VN-Index opened the afternoon session in a tug-of-war situation, but the sellers dominated, selling pressure increased sharply towards the end of the session, causing the index to plummet. VHM, VIC, TCB and VPB were the stocks that had the most negative impact on the index. On the contrary, GVR, POW, BVH and KBC remained green.

On the Hanoi Stock Exchange, the HNX-Index also had a negative performance, affected by the decline in stocks KSF (down 3.3%), CEO (down 9.74%), KSV (down 3.76%) and HUT (down 4.17%).

The real estate group recorded the sharpest decline in the market due to VHM, VRE, CEO, DIG all falling, along with other stocks such as VIC (down 2.28%), KDH (down 3.85%), NVL (down 3.5%) and TCH (down 3.86%). Following were the non-essential consumer goods and energy sectors which also fell sharply.

On the other hand, information technology was the only group that kept green, thanks to codesFPT (up 0.31%), CMG (up 1.94%), ELC (up 0.71%) and VEC (up 14.66%).

Regarding foreign transactions, foreign investors net sold more than VND1,184 billion on HOSE, focusing on SSI (VND578.18 billion), MBB (VND445.75 billion), MWG (VND89.71 billion) and VCI (VND86.08 billion). On HNX, foreign investors continued to net sell more than VND78 billion, mainly at CEO (VND31.34 billion), SHS (VND26.65 billion), IDC (VND9.62 billion) and MBS (VND5.5 billion).

Selling pressure spread widely, especially in the real estate and financial sectors, causing the market to sink into the red. Although liquidity improved, cautious sentiment still prevailed, indicating that the risk of a short-term correction still exists.

According to VNA

Source: https://baohaiphong.vn/nhieu-co-phieu-bat-dong-san-bi-ban-manh-vn-index-giam-hon-30-diem-524799.html