VN-Index dropped nearly 50 points, who is the culprit?

Negativity gripped the stock market from the opening of the first trading session of the week, with heavy selling pressure on blue-chip stocks causing the VN-Index to plummet continuously. Most sectors were dominated by red.

Large-cap stocks in the banking sector weighed on the market, notably TCB, BID, VCB, and CTG. In terms of sectors, the real estate sector was the worst performer, losing 2.46%, notably the three Vingroup stocks: VIC, VHM, and VRE.

At the close of the morning trading session on August 5th, the VN-Index fell 24.38 points, or 1.97%, to 1,212.22 points. Across the entire exchange, there were 38 gainers and 395 losers.

VN-Index performance on August 5th (Source: FireAnt).

In the afternoon session, selling pressure intensified, causing the VN-Index to break through the psychological 1,200-point mark. The electronic board was stained red, with many stocks even falling to their floor price.

At the close of trading on August 5th, the VN-Index fell 48.53 points, or 3.92%, to 1,188.07 points. Only 24 stocks rose, while 448 declined and 25 remained unchanged.

The HNX-Index fell 8.85 points to 222.71 points. Across the entire exchange, there were 33 gainers, 171 losers, and 24 stocks unchanged. The UPCoM-Index fell 3.16 points to 90.6 points.

The "culprits" in today's session came from the banking sector, with VCB and BID leading the market decline, deducting a total of 4.8 points. TCB, CTG, and VPB were also among the top 10 negatively impacting the market, taking away a total of 5.2 points. The entire sector was in the red, with EVF notably falling to its floor price of 11,350 VND/share. However, there were a few headwinds, such as EIB rising slightly by 0.28%, SGB remaining unchanged, and TIN notably surging to its ceiling price.

The chemical sector was dominated by green, notably stocks like GVR, AAA, APH, RDP, BFC, CSV, ABS, HII, DAG, and TRC. GVR, in particular, fell 6.96% to 30,100 VND per share, subtracting over 2.2 points from the VN-Index.

Similarly, stocks like NKG, TLH, SMC, HSV, and VCA in the steel sector also fell to their floor prices. Although the giant HPG didn't hit its floor, it still dragged down more than 2 points from the market, closing down 4.77% at 25,950 VND per share.

The technology sector fared no better, with six stocks hitting their lower limit: CMG, CT8, ITD, UNI, KST, and CKV. Tech giantFPT also fell 3.73% to 118,600 VND per share, subtracting 1.7 points from the market. Most other stocks closed in the red.

Stocks that impact the VN-Index (Source: VNDIRECT).

The total value of matched orders in today's session reached VND 26,500 billion, a 29% increase compared to the previous day, of which the value of matched orders on the HoSE exchange reached VND 23,782 billion. In the VN30 group, liquidity reached VND 12,819 billion.

Foreign investors net sold shares worth 731 billion VND today, with 1,979 billion VND invested and 2,710 billion VND sold.

Stocks that experienced significant selling pressure included HPG (232 billion VND), FPT (89 billion VND), MWG (81 billion VND), STB (79 billion VND), SSI (70 billion VND), etc. Conversely, stocks that were mainly bought up included VNM (192 billion VND), VCB (94 billion VND), HVN (63 billion VND), MSN (48 billion VND), BCM (26 billion VND)...

Source: https://www.nguoiduatin.vn/vn-index-giam-gan-50-diem-dau-la-thu-pham-204240805151458824.htm