VN-Index plummets by over 100 points after one week of trading.

After a week of continuous decline, the VN-Index returned to the level it was at at the beginning of 2024, at 1,174.85 points. The market is not yet considered to be recovering.

Having entered the stock market at the beginning of this year, Ms. Nguyen Thi Nga (34 years old, Hoang Mai District, Hanoi) sighed and shared: "The market has been in the red all week, and I'm burning with anxiety. Although I had hoped the market would recover quickly, today, along with unfavorable economic news: the US dollar appreciating, gold preparing for auction, etc., I had to accept losses of tens of millions of dong to sell my holdings."

Apart from Ms. Nga's case, even some investors continued to accumulate shares with the mentality of "buying the dip," but today's trading session has left many in a situation of "losses piling up."

The market has been in the red all week, leaving many investors feeling anxious.

At the close of trading on Friday (April 19), the VN-Index continued its downward trend, falling by more than 18 points to 1,174.85 points.

Liquidity reached VND 23,682 billion in transactions, equivalent to 1,070 million shares traded, a 25% increase compared to the previous trading session on April 17th.

In today's session, the market continued to be in the red with sellers dominating, and the decline ranged from 2-6%.

FPT (FPT, HOSE) topped the list of stocks negatively impacting the VN-Index, falling 2.5% and contributing 1.73 points to the decline. Following closely behind were VIC (Vingroup, HOSE), HDB ( HDBank , HOSE), and others.

Large-cap stocks continue to drive the market's sharp decline (Source: SSI iBoard)

Although most bank stocks continued to fall sharply, on the positive side, the banking sector showed a slight improvement as it no longer acted as a drag on the market; some stocks even showed a slight upward trend, ranking among the top stocks with the most positive impact on the market.

The highlight was MSB (MSB, HOSE), which rose 1.9% to 13,450 VND/share. Following closely wereSHB (SHB, HOSE), which increased slightly by 0.45%, and NAB (Nam A Bank, HOSE), which rose by 0.63%,…

Another bright spot emerged from foreign investors, who unexpectedly bought a net 683 billion VND. The buying was concentrated in stocks such as VNM (Vinamilk, HOSE) with 94 billion VND, DIG (DIC Group, HOSE) with 92 billion VND, etc.

The negative performance of the VN-Index is taking place against the backdrop of several unfavorable economic indicators.

Thus, after just one week of trading, the VN-Index lost nearly 102 points in total , negating the gains of the entire first quarter and returning to the level seen at the beginning of 2024.

Blue-chip stocks continued to play a key role in driving the market down, with many stocks quickly losing nearly 20% of their value in just one week.

NVL (Novaland) lost 18.36% of its value in just one week (Photo: SSI iBoard)

Typical declines in the real estate, securities, public investment, and retail sectors include: NVL (Novaland, HOSE) down 18.36%, DXG (Dat Xanh Real Estate, HOSE) down 21.21%, VND (VNDirect Securities, HOSE) down 13.9%, PNJ (Phu Nhuan Jewelry, HOSE) down 11.25%,…

However, on the other hand, many investors remain calm and optimistic about the market.

Having invested in stocks for over 5 years, Ms. Tran Minh Ngoc (49 years old, Ba Dinh District, Hanoi) said: "Although the market has fallen sharply, I invest long-term, so I mainly look at the operations and development potential of the businesses I'm investing in. Besides, the current market decline is similar to the beginning of this year, which can also be considered a positive sign; the VN-Index still has many factors to recover, so I'm not buying or selling at the moment."

The VN-Index remains in a negative trend, with securities companies all stating that the market cannot be optimistic in the short term, mainly due to investor sentiment reacting to a number of negative news. They also recommend that investors take advantage of any recovery to reduce their stock holdings to a safe level, and avoid bottom-fishing as the market shows no signs of stopping its decline.

Source: https://phunuvietnam.vn/vn-index-boc-hoi-hon-100-diem-sau-1-tuan-giao-dich-20240419172205882.htm