VN-Index fell nearly 23 points, losing the 1,200 point mark due to selling pressure

VN-Index reversed from increasing to decreasing and lost the 1,200 point mark because domestic and foreign investors focused on dumping large-cap stocks, thereby extending the decline to 3 consecutive sessions.

After two declining sessions at the beginning of the week, the stock market entered Wednesday's trading session (April 17) in a more positive state when the VN-Index at one point increased by nearly 6 points to 1,221 points thanks to the dominance of the buying side.

However, this development did not last long when the selling pressure gradually increased from mid-morning session. The index representing the Ho Chi Minh City Stock Exchange reversed below the reference from 10:15 and maintained the red color until closing. The decrease amplitude was also gradually widened when domestic and foreign investors simultaneously sold large-cap stocks. VN-Index closed the session on April 17 at 1,193.01 points, down 22.67 points compared to the reference, equivalent to 1.86% and extending the decline for the third consecutive session. The last time the index fell to this level was 2 months ago.

On the Ho Chi Minh City Stock Exchange, 348 stocks decreased in price, while on the contrary, the number of stocks increased was 137. The VN30 basket had 26 stocks that reversed from increasing to decreasing. Of which, GVR led the price decrease amplitude when it lost 5.6% compared to the reference, down to 28,650 VND. The next 6 positions all belonged to banking stocks, respectively BID decreased 4.4% to 48,100 VND, CTG decreased 4% to 32,700 VND,SHB decreased 3.5% to 11,100 VND, TPB decreased 3.4% to 17,000 VND...

List of stocks that have the most positive and negative impact on the market.

The market's mainstay in the April 17 trading session was MSN, which rose 1.1% from the reference price to VND66,800, although it was also trading in the red at times. Similarly, POW rose 0.5% to VND10,950, VNM rose 0.3% to VND64,200, and SSB rose slightly by 0.2% to VND22,200.

By sector, the most consistent red color was in the securities group when all stocks decreased, in which many pillar codes such as SSI, VND, HCM, VCI all decreased by more than 2%. The steel group also had a similar state when all closed below the reference price, in which HPG lost 1.2% to 28,000 VND.

Some positive market signals were recorded in the seaport group when most stocks increased, of which GMD increased 2.7% to VND80,500.

Market liquidity dropped sharply due to the weakening bottom-fishing cash flow. Specifically, today, 859.25 million shares were successfully traded, down about 500 million shares compared to yesterday's session. The transaction value reached 19,106 billion VND, down more than 11,000 billion VND compared to the previous session. DIG led in terms of matched value with 785 billion VND, followed by CTG with 634 billion VND, VIX with 563 billion VND. The common point of the stocks with the best liquidity in today's session was that they all traded actively in the first minutes of the session before turning around and falling deeply by over 4% in the afternoon session.

After net buying in yesterday's session, foreign investors returned to net selling with significantly increased pressure. Specifically, this group disbursed VND 1,675 billion to buy 54.5 million shares while selling 96.06 million shares, equivalent to VND 2,668 billion. The net selling value accordingly reached VND 992 billion. Foreign investors strongly sold FUEVFVND fund certificates with a net value of nearly VND 340 billion, followed by VHM with more than VND 145 billion, SHB with nearly VND 95 billion. On the contrary, foreign investors actively disbursed shares of VNM and GMD with net values of VND 106 billion and VND 62 billion, respectively.

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