VN-Index faced strong selling pressure, falling nearly 30 points.

Customers trading securities. (Photo: Tran Viet/VNA)

The stock market plunged into the red on December 10th, with the VN-Index losing nearly 30 points, under strong selling pressure from large-cap real estate stocks.

Despite efforts by the financial sector to maintain positive momentum, the sharp decline in many leading stocks significantly weakened the market.

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 more than 366 billion VND on HOSE, concentrated in VIC, STB, VCB and VHM.

On the HNX, foreign investors made net purchases of over 9.6 billion VND, with the buying activity mainly concentrated in SHS, IDC, PVS, and VFS.

The sharp decline on December 10th showed that market sentiment remains weak as leading stock groups have yet to find equilibrium.

Although the financial sector is sending positive signals, the overall market trend still heavily depends on fluctuations in the real estate sector and foreign capital inflows.

In the short term, the VN-Index may continue to fluctuate sharply if stable demand does not emerge or sufficiently strong supporting information does not improve investor sentiment.

According to VNA

Source: https://baohaiphong.vn/vn-index-c-hiu-ap-luc-ban-manh-giam-gan-30-diem-529194.html