A sudden surge in selling pressure pushed a series of large-cap stocks down sharply, causing the VN-Index to plunge into the red. This was the third consecutive session of decline for the stock market and also the eighth consecutive session of net selling by foreign investors.
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| On October 22nd, all three stock indices closed in the red - Photo: Dung Minh |
Entering the trading session on October 22nd, trading remained sluggish, and a cautious sentiment continued to prevail. At the close of today's session, all three indices traded in the red for most of the trading time. Strong fluctuations persisted until around 2 PM. Subsequently, increased selling pressure caused a sharp decline across various sectors in the final 45 minutes of the session. As a result, the indices all fell significantly below their reference levels.
In the first half of the trading session, EIB was the focus of attention as it continued its strong upward trend. At one point, EIB rose nearly 6% to 22,000 VND/share. However, under strong selling pressure from the overall market, EIB only increased by 3.9% to 21,600 VND/share. Thus, EIB has increased by nearly 19% in just one week of trading. Prior to this surge, EIB experienced a sharp decline following the spread of documents on social media alleging serious risks to Eximbank's operations, leading to operational insecurity and the potential collapse of the Eximbank system. In response, Eximbank affirmed that the document circulating on social media was not a document from the Eximbank Supervisory Board and did not originate from the bank.
EIB was also the second most positive contributor to the VN-Index, adding 0.36 points. Meanwhile, VHM was the most positive contributor with 0.48 points. VHM continued to rise today, increasing by 0.94% to 48,250 VND/share. Stocks such as MWG and GMD also had a positive impact on the index. MWG increased by 0.76% after news that it would be included back in the VN Diamond index basket in the upcoming restructuring period.
In the latter half of the trading session, the focus shifted to GVR. This was one of the stocks that triggered widespread sell orders across many sectors amidst already fragile investor sentiment. GVR unexpectedly experienced heavy selling pressure, at one point touching the floor price of 32,750 VND/share. At the close of the session, GVR fell by more than 4%, exerting the most pressure on the VN-Index, deducting 1.4 points.
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| GVR is the stock that has had the most negative impact on the VN-Index. |
A series of other large-cap stocks also fell sharply, including VRE, VIB, BCM, POW,FPT , MSN… FPT continued to decline by 1.8% to 133,100 VND/share, subtracting 0.85 points from the VN-Index. BID also deducted 1.24 points with a 1.8% decrease. Red dominated the securities sector, with VDS falling by 3.5%, CTS by 2.5%, FTS by 2.35%, HCM by 2.2%, and AGR by 1.9%.
Meanwhile, real estate stocks showed mixed performance. Stocks like SGR, HDC, DXS, TCH, KDH… rose above their reference levels. Conversely, VRE fell 2.6%, BCM fell 2.3%, HPG fell 1.5%, and so on.
At the close of trading, the VN-Index fell 9.88 points (-0.77%) to 1,269.89 points. Across the entire exchange, there were 107 gainers, 269 losers, and 58 stocks unchanged. The HNX-Index fell 1.93 points (-0.85%) to 225.5 points. Across the entire exchange, there were 61 gainers, 93 losers, and 60 stocks unchanged. The UPCoM-Index fell 0.41 points (-0.44%) to 91.73 points.
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| Foreign investors sold net for the eighth consecutive session. |
The total trading volume on the HoSE reached 794 million shares, equivalent to a trading value of VND 19,090 billion (a 33% increase compared to the previous session), of which the value of negotiated transactions accounted for VND 1,550 billion. The trading value on the HNX and UPCoM reached VND 1,517 billion and VND 548 billion respectively.
Foreign investors continued their net selling streak on the HoSE for the eighth consecutive session, with a net selling value of 130 billion VND. The strongest net selling was in the FUEVFVND ETF, totaling 100 billion VND. KDH and VRE were also subject to net selling of 69 billion VND and 51 billion VND respectively. Conversely, MWG saw the strongest net buying with 77 billion VND. TCB and BVH were also bought net of 65 billion VND and 60 billion VND respectively.
Source: https://baodautu.vn/roi-sau-cuoi-phien-chieu-2210-vn-index-giam-gan-10-diem-d228057.html
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