VN-Index 'evaporates' by more than 51 points

The Vietnamese stock market experienced a volatile trading session on March 20th as widespread selling pressure caused the index to fall sharply.

Investors monitor the price movements of CCC shares. Photo courtesy of Hua Chung/TTXVN.

At the close of trading on March 20th, the VN-Index lost 51.32 points, falling to 1,647.81 points. Liquidity remained low with over 961.2 million shares traded, equivalent to a value of over 31,000 billion VND. Across the entire exchange, 95 stocks increased, while 241 decreased and 36 remained unchanged.

On the Hanoi Stock Exchange, the HNX-Index fell 2.27 points to 243.46 points, with a trading volume of over 81.5 million shares and a value exceeding 1,477 billion VND. The UPCoM market also saw negative performance, with the UPCoM-Index dropping 0.21 points to 123.74 points; liquidity reached over 58.2 million shares, equivalent to over 637.5 billion VND.

The VN30 basket recorded a negative performance, with only VRE maintaining a positive trend with a slight increase of 0.38%, while STB andVIB remained unchanged, and the remaining 27 stocks declined, with many hitting the floor price such as GAS, PLX, and DGC.

Selling pressure was concentrated in the oil and gas sector, with PLX and PVD hitting their lower limit, and many other stocks plummeting close to their floor prices. The banking sector also followed the general trend, with only 2 stocks rising while 18 declined.

In the afternoon session, the decline intensified as selling pressure surged, dragging the VN-Index sharply downward until the end of the session. VIC, VCB, GAS, and VHM were the stocks with the most negative impact, subtracting more than 6 points from the index. Conversely, some stocks such as VCK, BVH, REE, and PGV maintained positive gains, helping to mitigate the decline somewhat.

The HNX-Index also faced pressure from several large-cap stocks such as PVS, KSF, KSV, and NVB. By sector, energy was the biggest loser, falling 5.21%. This was followed by real estate and materials, which declined by 4.46% and 2.89% respectively, with many stocks experiencing strong selling pressure, including VIC, VHM, KBC, NVL, DPM, DGC, and GVR.

Conversely, media services was the only group to gain points, rising 2.06%, thanks to support from VGI, FOX, VNZ, VTK, and LBE stocks.

Regarding foreign investor transactions, this group continued to heavily net sell more than VND 1,882 billion on HOSE, focusing on HPG, VIC, DGC, and KBC. Meanwhile, on HNX, foreign investors net bought more than VND 94 billion, mainly in PVS, SHS, IDC, and MBS.

Today's sharp decline reflects heightened caution, with selling pressure dominating across the board and plunging the market into the red.

Source: https://baotintuc.vn/thi-truong-tien-te/vnindex-boc-hoi-hon-51-diem-20260320163600602.htm