VN-Index plummets nearly 30 points, real estate sector exerts strong pressure.

The stock market on December 10th was shrouded in red as the VN-Index lost nearly 30 points, heavily pressured by large-cap real estate stocks. Although the financial sector attempted to maintain positive gains, the sharp declines in many leading stocks significantly weakened the market.

Investors monitor market developments. Photo: Hua Chung/VNA

At the close of trading, the VN-Index fell 28.19 points to 1,718.98 points, with over 647 million shares traded, equivalent to 19,904 billion VND. Across the entire exchange, there were 121 gainers, 188 losers, and 62 stocks unchanged.

In the VN30 basket, although the number of rising stocks was 14, slightly more than the number of falling stocks (12), the main pressure came from real estate stocks: VIC fell to its floor price, VRE fell 6.25%, and VHM fell 3.72%, becoming the stocks that dragged the index down the most.

In addition, large-cap stocks in other sectors such as SAB (down 3.38%), VJC (down 1.7%), PLX (down 1.14%),FPT (down 1.43%), VPL (down to the floor price), and GEX (down 3.2%) continued to put pressure on the market.

On the HNX exchange, the HNX-Index fell 0.66 points to 256.48 points. The negative performance was mainly due to a 4.74% drop in KSV, a 3.07% drop in PVI, and a 2.02% drop in CEO…

The bright spot in the market came from the financial and banking sector, with many stocks maintaining their upward momentum such as HDB up 2.06%, MBB up 1.82%, LPB up 0.45%, SSI up 1.74%, VCB up 0.34%, and FTS up 4.38%, thereby helping the index to somewhat narrow its decline.

Regarding foreign investor transactions, foreign investors sold net over 366 billion VND on HOSE, concentrated in VIC, STB, VCB, and VHM. On HNX, foreign investors bought net over 9.6 billion VND, with buying mainly in SHS, IDC, PVS, and VFS.

The sharp decline on December 10th showed continued weak market sentiment as leading stock groups failed to find equilibrium. Although the financial sector showed positive signals, the overall market trend still heavily depends on fluctuations in the real estate sector and foreign capital flows. In the short term, the VN-Index may continue to fluctuate sharply if stable demand or sufficiently strong supporting information to improve investor sentiment does not emerge.

Source: https://baotintuc.vn/thi-truong-tien-te/vnindex-boc-hoi-gan-30-diem-nhom-bat-dong-san-gay-ap-luc-manh-20251210164508733.htm