VN-Index fell 24.34 points, trading volume increased sharply.

The stock market faced selling pressure right from the start of trading on November 17th because many stocks had risen 20-40% since the beginning of November, prompting many investors to aggressively take profits and realize gains.

In the afternoon session, after the three Vingroup stocks reversed their upward trend and fell, impacting the entire market, it triggered a widespread sell-off, causing the market to plummet. Numerous sell orders (MP - sell regardless of price) flooded the market, leading to sharp declines in stocks across all sectors.

Thị trường "đỏ lửa" nhưng sắc xanh vẫn xuất hiện ở nhóm bất động sản

Despite the market being in turmoil, green still appeared in the real estate sector.

Although buying pressure was quite strong towards the end of the session, at one point even pulling the VN-Index down by about 10 points, investors continued to sell off during the ATC session, causing the VN-Index to reverse course and fall by nearly 25 points by the close. Not only domestic investors but also foreign investors sold heavily, with the total net selling value on the HOSE reaching nearly 748 billion VND.

Although there wasn't a widespread sell-off, the entire market was covered in red with significant declines. Specifically, securities stocks fell sharply: SSI down 2.48%, VND down 3.57%, VCI down 2.89%, HCM down 3.04%, VIX down 3.57%, FTS down 3.65%, BSI down 4.56%, CTS down 3.01%, AGR down 2.91%...

Similarly, banking stocks also declined across the board, putting significant pressure on the index: CTG fell 3.01%, VCB fell 2.73%, VIB fell 2.3%, VPB fell 3.02%, ACB fell 2.58%, STB fell 2.81%, HDB fell 2.37%,SHB fell 3.45%, TPB fell 2.86%, EIB fell 2.62%, MSB fell 2.6%...

The real estate and construction sector attracted bargain-hunting capital during the market's sharp decline, significantly narrowing its losses by the close of trading. Some stocks even managed to stay in positive territory, with QCG hitting its ceiling price, ITA rising 6.65%, PDR 2.74%, SZC 2.07%, DXS 1.27%, and KBC nearly 1%. Stocks that declined included the Vingroup trio (VIC, VHM, and VRE), down 6.43%, 5.35%, and 4.4% respectively; HDC down 3.13%, HHV down 2.24%, DIG down 1.92%, CII down 1.72%, VCG down 1.91%, KDH down 1.56%, and NLG down 1.47%. Additionally, retail, energy, manufacturing, and aviation stocks also experienced significant declines. All 30 stocks in the VN30-Index also declined simultaneously.

At the close of trading, the VN-Index fell 24.34 points (2.16%) to 1,101.19 points, with 437 stocks declining, 118 stocks rising, and 58 stocks remaining unchanged.

At the close of trading on the Hanoi Stock Exchange, the HNX-Index also fell 3.02 points (1.32%) to 226.54 points (1.32%), with 106 stocks declining, 51 rising, and 73 remaining unchanged. Selling pressure across the market led to a sharp increase in liquidity. The total trading value across the market reached nearly 28,200 billion VND, an increase of nearly 12,000 billion VND compared to the previous session. Of this, the HOSE accounted for approximately 24,400 billion VND.

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