VN-Index fell by more than 11 points.

At the close of trading on December 19th, the VN-Index fell 11.33 points (-0.89%), to 1,254.67 points. Total trading volume reached over 779.4 million units, valued at VND 17,881.2 billion, an increase of 46% in volume and 40% in value compared to the previous day. On the HOSE exchange, 75 stocks rose and 322 fell. Among blue-chip stocks, apart from SSB, which unexpectedly faced increased selling pressure and fell sharply by 4.4% to VND 16,500, the rest maintained a price decline of only around 1%.

Nevertheless, liquidity surged in some blue-chip stocks, recording the highest trading volume on the HOSE exchange this session, with SSI leading with 30.7 million units, HPG with 30.3 million units,SHB with 22.1 million units, and VPB with 21.1 million units.

Meanwhile, the HNX exchange saw 57 gainers and 86 losers. The HNX-Index rose 0.11 points (+0.05%), to 227.54 points. The total trading volume reached over 58.7 million units, with a value of 1,115.5 billion VND.

The UpCoM-Index decreased by 0.34 points (-0.37%) to 92.73 points. The total matched volume reached more than 42.5 million units, worth VND603.2 billion.

The domestic stock market fell sharply due to the impact of the US stock market plunge.

The decline in the domestic stock market was not unexpected and had been predicted by experts beforehand. This was due to the sharp drop in US stocks during last night's trading session after the Fed announced a rate cut. All three major indices were trading sideways before falling sharply following the Federal Reserve's decision to lower interest rates by 0.25 percentage points. At the close of trading, the DJIA lost 2.58%, falling to 42,326 points. The S&P 500 fell 2.95% to 5,872 points. The biggest drop was seen in the Nasdaq Composite, which fell 3.56% to 19,392 points.

All 11 sectors in the S&P 500 index fell. Cryptocurrency-related stocks also lost value after Fed Chairman Jerome Powell said the agency is not allowed to own Bitcoin and does not want to change the law to do so. Earlier, the market rumored that the Trump administration would create a Bitcoin reserve as early as next year.

In addition, stock indices also plunged in Japan, South Korea, and other markets. Investors sold off shares despite the Fed cutting interest rates for the third time this year, but also indicating that there will only be two rate cuts in 2025, fewer than the four previously forecast, which contributed to triggering the sell-off in international stocks.

Hao Nhien

Source: https://vtcnews.vn/vn-index-giam-hon-11-diem-ar914906.html