At the opening of the trading session on October 20, the stock market was under selling pressure after a sharp decline at the end of last week. However, bottom-fishing demand helped the VN-Index only decrease by around 10-20 points in the morning. By early afternoon, the VN-Index was close to the reference level.

However, selling pressure increased sharply near the end of the afternoon session on October 20, thereby pulling the VN-Index down more than 90 points (-5%) at the time of preparing to enter the periodic order matching session at the end of the ATC session.

After 2 p.m., selling pressure spiked with hundreds of stocks falling to their lowest levels. In total, the market recorded nearly 700 stocks falling.

By the end of the session, VN-Index decreased 94.76 points (-5.47%) to 1,636.43 points.

Many pillar stocks of banking, real estate, retail... decreased in price. Techcombank (TCB) dropped to the floor by 2,800 VND to 37,850 VND/share. VPBank (VPB) dropped to the floor by 2,200 VND to 29,750 VND/share. MBBank (MBB), HDBank (HDB), Saigon - Hanoi Bank (SHB ), Sacombank (STB), TPBank (TPB), VIBank (VIB) all decreased to the full range.

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VN-Index dropped sharply by nearly 95 points. Photo: HH

Shares of Masan (MSN), SSI Securities (SSI), Hoa Phat Group (HPG), Vietnam Rubber Industry Group (GVR), and Vincom Retail (VRE) also hit the floor.

Two stocks Vingroup (VIC) and Vinhomes (VHM) fell sharply. VIC fell 9,100 VND, down to 194,900 VND/share. VHM fell 8,000 VND, down to 108,000 VND/share.

The stock market fell sharply amid low morning liquidity and continued net selling by foreign investors. Pressure on key stocks continued to have a strong impact on the general sentiment, leading to a decline in a large number of stocks.

However, trading increased quite strongly again in the last 45 minutes of the session when most large stocks hit the floor. In the whole session, the total trading value of the whole market reached more than 58,000 billion VND, of which the HoSE floor alone accounted for more than 53,000 billion VND.

Previously, many securities companies advised investors to trade cautiously when profit-taking pressure at the peak was dominant. Some securities companies said that a correction was necessary and would help the market rebalance.

In the medium and long term, the stock market is still considered a good channel to attract money in the context of a positive macro economy. Vietnam continues to maintain loose fiscal and monetary policies to promote economic growth. The stock market upgrade can also welcome a large foreign capital flow into pillar stocks.

Gold prices skyrocketed, Chinese stocks fell sharply despite Trump's new move . World gold prices continued to rise sharply, while the Chinese stock market fell sharply despite US President Donald Trump's move to ease tariff tensions after announcing an additional 100% tax on Chinese goods.

Source: https://vietnamnet.vn/vn-index-roi-ky-luc-gan-95-diem-ca-tram-ma-giam-kich-san-2454551.html