VN-Index fell nearly 19 points.

VTV.vn - After two relatively positive recovery sessions, the Vietnamese stock market reversed course and declined on March 12th as selling pressure spread across many sectors.

Illustrative image.

At the close of trading on March 12th, the VN-Index fell 18.73 points to 1,709.61 points, a decrease of 1.08%. Trading volume reached over 945.8 million shares, equivalent to a value of over 26,348.6 billion VND. Across the entire exchange, 138 stocks increased in price, 205 decreased, and 38 remained unchanged.

On the Hanoi Stock Exchange (HNX), the HNX-Index performed more positively, rising 0.38 points to 247.85 points. Trading volume reached over 89.7 million shares, equivalent to a value of approximately 1,744.4 billion VND. Across the entire exchange, there were 83 gainers, 69 losers, and 50 unchanged stocks.

The UPCOM Index fell 0.24 points to 123.85 points with a trading volume of over 32.9 million shares, valued at approximately 820 billion VND. The UPCOM exchange recorded 133 gainers, 96 losers, and 80 unchanged stocks.

The downward pressure was evident in the VN30 basket, with 23 stocks declining, only 6 rising, and 1 remaining unchanged. Several large-cap stocks fell sharply, such as PLX down 5.8%, VJC down 4.32%, GAS down 4.17%, andFPT down 3.12%, dragging the overall index down.

In the afternoon session, the market continued to fluctuate sharply with alternating periods of gains and losses. The VN-Index at one point retreated close to the 1,700-point mark, but also recovered to nearly 1,717 points before closing in the red. The wide range of fluctuations reflects the cautious sentiment of investors after the earlier recovery.

According to statistics, out of the 23 sectors monitored, 15 sectors declined, while only 8 sectors increased. Notably, 8 sectors experienced sharper declines than the overall market. These included software and services, which fell by approximately 3%; financial services (primarily securities), which decreased by 2.52%; and telecommunications services, which declined by 2.17%.

Other sectors such as hardware and equipment, insurance, utilities, banking, transportation, and food and beverages also recorded significant declines.

The banking and securities sector stocks – which had been actively traded by investors recently – underwent a simultaneous correction. Many stocks fell quite sharply, such as TCB down 3.54%, CTG and BID both down 2.28%, and VPB down 2.65%. Simultaneously, the securities sector also faced strong selling pressure, with SSI down 3.64%, HCM down 3.09%, MBS down 3.52%, and SHS down 4.02%.

Conversely, the market still showed some bright spots in the chemical, construction engineering, oil and gas, and electrical equipment sectors. In the chemical sector, many stocks rose sharply, such as DGC up 4.12%, DCM up 4.26%, DDV up 5.21%, CSV up 2.43%, while DPM hit the ceiling price.

The construction engineering sector also attracted attention as VCG experienced its third consecutive session of hitting the ceiling price. Additionally, amidst the divergence within the real estate sector, NVL stock stood out with its sharp increase and attracted significant investment.

Regarding foreign investor transactions, foreign investors returned to net selling of over 300 billion VND across the entire market. On the HoSE alone, foreign investors net sold approximately 209 billion VND. On the buying side, MWG was the most heavily net bought stock with a value of approximately 246 billion VND, followed by VNM (99 billion VND), VCI (65 billion VND), DPM (55 billion VND), and DGC (51 billion VND).

On the HNX, foreign investors sold net more than 91 billion VND, while on UPCOM the net selling was quite light, around 0.3 billion VND.

The trading session on March 12th showed that profit-taking pressure returned after two previous recovery sessions, amidst signs of more cautious capital flows as the VN-Index approached its high point.

Source: https://vtv.vn/vn-index-giam-gan-19-diem-100260312171307757.htm