VN-Index fell 28 points after a series of consecutive gains.

At the close of trading today (December 10th), the VN-Index was in the red, with several stocks that had previously hit the ceiling price for several sessions now reversing course and falling to the floor price.

At the close of today's trading session, the VN-Index fell 28.19 points to 1,718 points, while on the Hanoi Stock Exchange, the HNX-Index also decreased by 0.66 points to 256 points. On the Upcom exchange, the Upcom-Index fell 0.57 points to 119 points.

After several consecutive sessions of gains and playing a pivotal role in supporting the market, VIC shares fell by 11,200 VND/share to 148,800 VND/share today. However, VIC was not the only reason for the market decline, as a series of retail sector stocks also saw significant drops on the trading board.

While Sabeco 's SAB stock hit its ceiling price the day before, the beer giant also experienced a sharp decline today. At the close of trading, SAB fell by 1,800 VND/share, or 3.38%, to 51,500 VND/share. SAB was the third-largest blue-chip stock to fall, after VIC and VHM.

The VN-Index dropped 28 points today.

Several blue-chip stocks experienced significant declines, includingFPT (down 1.34%), MWG (down 1.19%), PLX (down 1.14%), and VJC (down 1.78%). It's evident that most of these stocks belong to the retail sector.

Meanwhile, bank stocks carried the market. HDB rose 2.06%, MBB rose 1.82%, CGT rose 0.8%, VCB rose 0.34%... Despite their efforts, bank stocks could not significantly help the VN-Index.

Besides the decline in index points, liquidity continued to be a weak point for the stock market on December 10th. Only 647 million shares, equivalent to VND 19,904 billion, were successfully traded across the entire exchange. Previously, during periods of high activity, each session saw over 1 billion shares, equivalent to billions of USD, traded.

This indicates that capital is still staying out of the market to observe. Currently, one of the most important pieces of information, strongly impacting the financial market in general and the stock market in particular, is interest rates. Since the beginning of the month, investors have become accustomed to seeing more and more banks adjusting interest rates to the maximum limit for short-term maturities.

Rising interest rates are always "bad news" for the stock market. It doesn't always crash, but most sectors will be noticeably affected. Most significantly, money will be withdrawn from stocks and channeled into savings accounts.

Ngoc Vy

Source: https://vtcnews.vn/vn-index-giam-28-diem-sau-chuoi-ngay-tang-lien-tiep-ar992198.html