VN-Index fell by more than 8 points.

VTV.vn - After two consecutive days of gains, the stock market reversed course and corrected on April 2nd.

Illustrative image.

However, support from the Vingroup group and strong net buying by foreign capital helped the VN-Index significantly narrow its decline.

Entering the trading session on April 2nd, domestic investor sentiment was affected by negative developments from international markets as US-Iran tensions escalated. Concerns about disruptions to shipping routes through the Strait of Hormuz caused oil prices to rise again, leading to widespread declines across many Asian stock markets.

Under general pressure, the Vietnamese stock market failed to maintain the upward momentum of the previous two sessions. At the close of trading, the VN-Index fell 8.11 points to 1,694.82 points. Trading volume on the HOSE reached over 23,299 billion VND. The HNX-Index decreased by 1.10 points to 250.36 points, while the UPCOM-Index fell by 0.36 points to 127.26 points.

Large-cap stocks faced selling pressure as the VN30 index fell 8.85 points to 1,852.99 points. The financial and banking sector was the focus of selling pressure, with STB down 2.4%, VPB down 2.1%, BID down 1.4%, CTG down 1.3%, and MBB down 0.8%.

However, the index's decline was narrowed thanks to the positive performance of some key stocks. VHM surged 7% to 117,900 VND/share, while DGC increased 6.9% to 54,000 VND/share. The counter-trend movements of these stocks contributed to supporting the index.

Another notable point is the strong net buying activity by foreign investors. On the HOSE, foreign investors made net purchases of approximately VND 3,081.98 billion, mainly concentrated in VPL shares with a value of over VND 4,053 billion. In addition, MSN saw net purchases of over VND 103 billion, VCK nearly VND 99 billion, and SSI around VND 75 billion. Conversely, VHM experienced net selling of approximately VND 803 billion, along with selling pressure on MBB, VCB, and VIC.

The correction on April 2nd showed that the market remains sensitive to global geopolitical risks. However, support from some large-cap stocks and strong net buying by foreign investors continued to help the market maintain its current level.

Source: https://vtv.vn/vn-index-giam-hon-8-diem-100260402165642256.htm