VN-Index falls during order congestion session.

Stocks reversed course in the 30 minutes before the close of the morning session, then widened their losses in the afternoon as order placement became difficult.

Today's trading session did not fully reflect supply and demand, as trading faced difficulties from the beginning of the afternoon. The VN-Index opened in positive territory, driven by key sectors such as banking and retail. However, selling pressure gradually increased as the HoSE index approached the 1,280-point mark.

The index reversed course in the middle of the morning session, gradually narrowing its gains. Near lunchtime, selling pressure surged, pulling the VN-Index back into negative territory. However, order backlogs at the beginning of the afternoon session eased the selling pressure.

The index traded sideways from the opening of the afternoon session until 2 PM, when investors were unable to place, modify, or cancel orders. As the congestion eased, red dominated again. The VN-Index at one point dropped more than 10 points before narrowing the decline during the ATC session.

At the close of trading, the VN-Index fell 7.25 points (0.57%), to 1,262.73 points. The VN30-Index lost more than 9 points (0.71%), to 1,271 points. On the Hanoi Stock Exchange, both the HNX-Index and UPCOM-Index closed in the red.

Total market liquidity reached nearly 27,900 billion VND. Of that, liquidity on the HoSE exchange accounted for nearly 24,900 billion VND. Foreign investors sold net more than 160 billion VND today.

On the HoSE exchange, 130 stocks increased in price, compared to 356 stocks that decreased.

SAB was the biggest contributor to the VN-Index with 0.76 points, closing up more than 4% at 61,300 VND. MSN, GAS, TCB, and BCM added more than 1% each.

Conversely, red dominated among blue-chip stocks. VRE closed down more than 3%, GVR and MWG lost more than 2% of their market value, while VPB, VNM, FPT, VHM,ACB , and STB closed down more than 1%.

Minh Son

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