VN-Index fell by more than 30 points.

VTV.vn - Widespread profit-taking pressure in real estate and financial stocks caused the stock market to plunge into the red.

Illustrative image.

At the close of trading on October 27th, the VN-Index fell 30.64 points to 1,652.54 points; the HNX-Index fell 1.92 points to 265.36 points. Market breadth heavily favored sellers, with 536 stocks declining and only 125 stocks rising. Within the VN30 basket, 24 stocks declined, 5 rose, and 1 remained unchanged.

Market liquidity increased compared to the previous session, with over 903 million shares traded on the HOSE exchange, equivalent to VND 27,800 billion; the HNX exchange recorded 91.1 million shares, worth over VND 2,100 billion.

The VN-Index opened the afternoon session in a tug-of-war, but sellers dominated, and selling pressure intensified towards the end of the session, causing the index to plummet. VHM, VIC, TCB, and VPB were the stocks with the most negative impact on the index. Conversely, GVR, POW, BVH, and KBC maintained their positive performance.

On the Hanoi Stock Exchange, the HNX-Index also performed poorly, negatively impacted by stocks such as KSF (down 3.3%), CEO (down 9.74%), KSV (down 3.76%), and HUT (down 4.17%).

The real estate sector recorded the sharpest decline in the market as VHM, VRE, CEO, and DIG all fell, along with other stocks such as VIC (down 2.28%), KDH (down 3.85%), NVL (down 3.5%), and TCH (down 3.86%). Following closely behind were the non-essential consumer goods and energy sectors, which also experienced significant declines.

Conversely, the information technology sector was the only group to maintain its positive performance, thanks to stocks likeFPT (up 0.31%), CMG (up 1.94%), ELC (up 0.71%), and VEC (up 14.66%).

Regarding foreign investor transactions, foreign investors sold net more than VND 1,184 billion on the HOSE exchange, focusing on SSI (VND 578.18 billion), MBB (VND 445.75 billion), MWG (VND 89.71 billion), and VCI (VND 86.08 billion). On the HNX exchange, foreign investors continued to sell net more than VND 78 billion, mainly in CEO (VND 31.34 billion), SHS (VND 26.65 billion), IDC (VND 9.62 billion), and MBS (VND 5.5 billion).

Widespread selling pressure, particularly in the real estate and financial sectors, plunged the market into the red. Despite improved liquidity, cautious sentiment prevailed, indicating that the risk of a short-term correction remains.

Source: https://vtv.vn/vn-index-giam-hon-30-diem-10025102716574072.htm