(Source: Investing.com)

After several consecutive sessions of gains reaching historical highs, the stock market reversed sharply on the morning of August 22nd. The banking sector, the main driving force behind the recent rally, plummeted, dragging the VN-Index down significantly.

At the close of the morning session, the VN-Index fell 41.94 points to 1,646.06 points. Trading volume reached over 1.16 billion shares, equivalent to a transaction value of over 31,692 billion VND. Across the entire exchange, there were 50 gainers, 291 losers, and 28 stocks that remained unchanged.

On the Hanoi Stock Exchange, the HNX-Index fell 11.19 points to 273.2 points, with a trading volume of over 106.3 million shares, equivalent to nearly 2,257 billion VND. Across the entire exchange, 23 stocks rose, 143 fell, and 37 remained unchanged.

The UPCOM market also saw declines, with the UPCOM-Index falling 1.11 points to 109.47 points. Trading volume reached over 65.3 million shares, equivalent to nearly 771 billion VND. Across the entire exchange, there were 81 gainers, 202 losers, and 93 stocks unchanged.

Widespread selling pressure left the market without support. Only 6 banking stocks rose, while 21 declined. The real estate sector faced significant pressure, with numerous large-cap stocks plummeting: VRE fell 4.93%, VHM 3.01%, VIC 1.52%, BCM 3.29%, NVL 5.64%, and KDH 2.92%.

Other leading stocks such as HPG,FPT , GAS, MSN, and MWG also fell sharply, and the securities, insurance, and oil and gas sectors were all in the red. Overall, the market this morning lacked any bright spots among its stock groups.

High liquidity indicates that capital has not yet left the market, but selling pressure on large-cap stocks remains dominant, causing the VN-Index to fall sharply and likely face further challenges in the afternoon session.

According to vietnamplus.vn

Source: https://huengaynay.vn/kinh-te/sac-do-phu-rong-vn-index-boc-hoi-gan-42-diem-sang-22-8-156985.html