VN-Index fell by more than 34 points.

VTV.vn - At the close of trading on March 2nd, the VN-Index fell 34.23 points to 1,846.1 points; the HNX-Index fell 3.82 points to 259 points.

Oil and gas stocks were a bright spot, but the VN-Index still fell by more than 34 points.

The stock market opened the new week on a negative note as selling pressure increased across the board, causing major indices to fall sharply, although oil and gas stocks emerged as a rare bright spot and helped support the market.

At the close of trading on March 2nd, the VN-Index fell 34.23 points to 1,846.1 points; the HNX-Index fell 3.82 points to 259 points. Market breadth heavily favored sellers, with 536 declining stocks compared to 307 rising stocks. Within the VN30 basket, red dominated with 21 declining stocks, 8 rising stocks, and 1 unchanged stock.

Market liquidity increased compared to the previous session, indicating increased profit-taking pressure. On the HOSE, the trading volume reached over 1.4 billion shares, equivalent to a transaction value of over 43,500 billion VND. The HNX recorded over 130 million shares changing hands, equivalent to a value of over 3,100 billion VND.

In the afternoon session, buying pressure briefly helped the VN-Index narrow its decline, but selling pressure remained high, causing the index to quickly weaken and close in the red. Large-cap stocks such as VIC, VHM, VCB, BID, and TCB were the most negative contributors, deducting a total of approximately 8.6 points from the index.

On the HNX exchange, the situation was also unfavorable, with many stocks facing strong selling pressure. Stocks like KSF, NVB, SHS, and CEO were significant factors dragging down the index, reflecting the cautious sentiment of investors.

By sector, the market declined by 1.58%, with red dominating most stock groups. The media services sector saw the sharpest decline at 4.37%, pressured by stocks like VGI, CTR, MFS, YEG, and TTN. The information technology and real estate sectors fell by 3.71% and 3.58% respectively; many stocks experienced heavy selling pressure, including ELC, DLG,FPT , CMG, VHM, HDC, VIC, DXG, and DIG.

Contrary to the general trend, the oil and gas sector became the focus with a sharp increase of 7.51%. A series of stocks such as PVS, PVD, BSR , PLX, OIL, PVT, and PVB all hit their upper limit, showing a clear concentration of speculative capital in the energy sector amidst a market correction.

Regarding foreign investor transactions, foreign investors continued to support market sentiment with net purchases of over 760 billion VND on the HOSE. On the HNX, they also made net purchases of over 21 billion VND, focusing on PVS, TNG, SHS, and PVB.

Overall, the sharp decline at the beginning of the week reflects the correction pressure after a prolonged period of gains, while capital tends to shift towards oil and gas stocks. This development indicates that the market is entering a phase of greater divergence, rather than the previously uniform upward trend.

Source: https://vtv.vn/vn-index-giam-hon-34-diem-100260302181627539.htm