Stock market continues to fall sharply, VN-Index loses nearly 23 points

After a sharp drop of nearly 31 points yesterday, the stock market this morning (October 28) continued to be immersed in red as selling pressure spread across most industry groups.

Customers transact at the headquarters of Bao Viet Securities Company. Photo: Tran Viet/VNA

At the end of the morning session, VN-Index decreased by 22.74 points to 1,629.8 points. Trading volume reached more than 404.5 million shares, equivalent to 13,222 billion VND. The whole floor had 92 stocks increasing in price, 202 stocks decreasing in price and 54 stocks remaining unchanged.

On the Hanoi Stock Exchange, the HNX-Index fell 1.35 points to 264.01 points, with trading volume reaching over 46.2 million shares, equivalent to VND1,048 billion. The entire floor recorded 55 stocks increasing in price, 75 stocks decreasing in price and 44 stocks remaining unchanged.

At UPCOM, UPCOM-Index decreased 0.4 points to 110.84 points. Trading volume reached over 15.8 million shares, equivalent to VND285 billion. The entire floor had 74 stocks increasing in price, 96 stocks decreasing in price and 69 stocks remaining unchanged.

Strong selling pressure caused large-cap stocks to weaken. VHM, VRE, VIC all fell more than 5%, while NVL, CEO, NLG, PDR also suffered similar pressure, causing the general index to fall sharply. Overwhelming selling pressure appeared in many industry groups, causing the market to lack recovery momentum and the downward trend remained dominant.

The rare bright spot in this morning's session came from the information technology group, withFPT , CMG, and ELC all increasing in price, somewhat helping to reduce the negative market performance.

Total market liquidity stood at VND14,500 billion, showing the cautiousness of cash flow as investor sentiment remained weak. However, foreign investors net bought slightly less than VND200 billion, a rare positive signal in the context of the market being under strong correction pressure.

Source: https://baotintuc.vn/kinh-te/thi-truong-chung-khoan-tiep-tuc-giam-sau-vnindex-mat-gan-23-diem-20251028122358333.htm