VN-Index fell nearly 30 points.

VTV.vn - The stock market on December 10th was shrouded in red as the VN-Index lost nearly 30 points, under strong pressure from large-cap real estate stocks.

VN-Index plummets nearly 30 points.

Although the number of blue-chip stocks that rose and fell was not significantly different in this morning's trading session, the market recorded a relatively sharp decline due to the consecutive corrections of the leading stocks in recent times.

VIC, VHM, and VRE all fell by approximately 3-5%, with VPL even hitting the floor limit this morning. The total drop of these four stocks impacted the VN-Index by about 22 points, which is also the same percentage drop the overall market experienced this morning.

Money in the market is moving out of this stock sector and showing signs of shifting to other sectors. The banking sector stocks traded somewhat positively this morning, with widespread gains. BID, CTG, MBB, and HDB all advanced 1-2%. HPG and VNM also showed gains.

Foreign investors' buying and selling activity was quite consistent with the status of stocks on the exchange. This morning, foreign investors sold net approximately 547 billion VND on HOSE, focusing on VIC and STB, while buying net HPG, VNM, MBB, and CTG.

Looking ahead to the end of the year, some securities companies believe that interbank interest rates across various maturities have risen sharply in recent days, reaching their highest levels since the beginning of the year, reflecting temporary liquidity strain as year-end capital demand increases. This development has made investors more cautious about capital inflows into the stock market in December, especially given that foreign investors continue to be net sellers.

VN-Index plummets nearly 30 points, real estate sector exerts strong pressure.

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 over 366 billion VND on HOSE, concentrated in VIC, STB, VCB, and VHM. On HNX, foreign investors bought net over 9.6 billion VND, with buying mainly in SHS, IDC, PVS, and VFS.

The sharp decline on December 10th showed continued weak market sentiment as leading stock groups failed to find equilibrium. Although the financial sector showed positive signals, the overall market trend still heavily depends on fluctuations in the real estate sector and foreign capital flows. In the short term, the VN-Index may continue to fluctuate sharply if stable demand or sufficiently strong supporting information to improve investor sentiment does not emerge.

Source: https://vtv.vn/vn-index-giam-gan-30-diem-10025121016423304.htm