In the context of the global stock market continuing to fluctuate, the Vietnamese stock market also witnessed a fiery trading session on November 19. VN-Index decreased by 10.92 points (-0.66%), closing at 1,649.92 points, breaking the 3-day consecutive increase streak.
Other indices were no better. The HNX-Index fell 2.33 points (-0.87%) to 265.03 points, while UPCoM edged up just 0.51 points to 119.49. The VN30 group fell 1.17% to 1,886.20 points, with heavy pressure from banking and real estate stocks.
On the entire HoSE floor, there were only 84 codes increasing compared to 222 codes decreasing and 62 codes remaining unchanged, showing the dominance of the selling side.
Total market liquidity reached more than 23,500 billion VND, concentrated on bluechips that lost points.
Vietnam's stock market plummeted on November 19, VN-Index fell below the 1,650 point mark
Market developments showed that the index opened near the bottom, fluctuating around the 1,650-1,660 point range, but was continuously pulled down by deep corrections in the afternoon, reflecting investors' cautious sentiment towards macro risks.
Statistics show that banks are the focus of negativity when all Big4 codes and a series of large codes are in red: VCB -2.4%, BID -0.8%, CTG -1.6%, MBB -0.8%, SSB -0.9%... and liquidity is quite large. The real estate group also could not escape the pressure when VHM decreased by 0.1%, VRE -2.3%, BCM -2.4%, DXG -2.8%.
Foreign investors continued to have a negative trading session when they sold more than VND646 billion on the HoSE on November 19. Selling pressure focused on many large-cap stocks such as VND, MBB, DGC, MWG, DXG, causing significant pressure on market sentiment.
On the other hand, only a few codes were net bought such as HPG and HDB but the value was not enough to offset the selling momentum.
However, many securities companies still maintain a positive mid-term view. Most believe that this correction is technical after the VN-Index failed at the resistance zone of 1,660-1,670 points. The next strong support zone is at 1,620-1,630 points, where the MA50 and MA100 days converge. If this zone is maintained, the index still has a chance to return to the uptrend.
Source: https://nld.com.vn/chung-khoan-giam-manh-do-ap-luc-chot-loi-19625111915204103.htm
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