On October 17, stocks were in red.

In the last trading session of the week on October 17, strong selling pressure in large-cap stocks caused the market to be submerged in red, the VN-Index plummeted more than 35 points, below the 1,740 point mark.

On the Ho Chi Minh City Stock Exchange, green only appeared in the first few minutes of the session before the market slid, and the decline became deeper towards the end of the session.

At the end of the trading day, VN-Index stopped at 1,731.19 points, down 35.66 points (-2.02%); VN30-Index decreased 45.13 points (-2.23%) to 1,977.14 points.

Strong profit-taking pressure in large-cap stocks has caused many blue-chip stocks to fall sharply. Investors' caution has also caused cash flow into small- and medium-cap stocks to remain tentative.

Most of the VN30 group stocks decreased in price. Screenshot

Red dominated the electronic trading board as the entire floor recorded 236 stocks decreasing in price, while only 96 stocks increased. In the VN30 basket, only 3 stocks remained green, while the remaining 26 stocks decreased.

Vingroup stocks had the strongest impact on the overall decline when VIC, VHM, VPL and VRE respectively took away 7.89 points, 5.47 points, 1.25 points and 1.2 points from the VN-Index.

The banking group was also a factor that dragged the market down. Of the 10 codes that reduced the index the most, 5 were bank codes: VPB took away 2.23 points; CTG lost 1.94 points; VCB took away 1.92 points; LPB and BID each lost more than 1 point.

The strong selling pressure caused most sectors to decline, with real estate and consumer services being the two sectors that fell the most, down 3.39% and 3.53%, respectively. Only two sectors, hardware and telecommunications equipment and services, went against the market trend.

Liquidity remained high, with more than VND42,000 billion changing hands. After the previous net buying session, foreign investors returned to strong net selling, with a purchase value of nearly VND3,767 billion but a sale value of approximately VND5,731 billion.

On the Hanoi Stock Exchange, total trading value reached more than VND2,600 billion. HNX-Index decreased 0.97 points (-0.35%) to 276.11 points; HNX30-Index decreased 4.16 points (-0.68%) to 608.14 points.

Source: https://hanoimoi.vn/phien-ngay-17-10-chung-khoan-chim-trong-sac-do-720009.html