VN-Index plunges again by nearly 33 points.

(NLĐO) - The pressure from geopolitical conflicts in the Middle East, showing no signs of easing, continues to weigh heavily on the sentiment of stock market investors.

On March 3rd, the market witnessed fierce divergence: while Vingroup and banking stocks were sold off, money continued to pour into oil and gas, chemical, and shipping stocks, pushing numerous shares to their ceiling prices.

From the start of trading, the shadow of the armed conflict in the Middle East continued to hang over the stock market. Concerns about the risk of global supply chain disruptions and energy inflation triggered a large-scale portfolio restructuring by investors. Capital continued to flee sectors sensitive to macroeconomic risks, while simultaneously seeking opportunities in sectors benefiting from the crisis.

The VN-Index fell by a total of 67.19 points in just two days. This decline pushed the index down from 1,880 points to only 1,813.14 points.

With its pillars weakening, Vingroup and banks are plunging into the red.

At the close of trading, the VN-Index plummeted another 32.96 points (equivalent to 1.79%), falling to 1,813.14 points. The VN-Index has decreased by a total of 67.19 points in just two days.

Notably, the VN30 basket recorded an even more drastic decline, losing 51.40 points (2.56%), falling to 1,959.35 points. This index suffered the heaviest losses, evaporating a total of 102.40 points in just two days.

The focus of today's sell-off was on the Vingroup group of stocks. The overwhelming selling pressure caused VIC and VHM shares to fall to their lower limit, dropping 7% to 155,500 VND and 75,300 VND respectively. This dragged the entire real estate sector index down by 5.39%, making it the group with the most negative impact on the market.

Besides real estate, the banking sector also couldn't escape the correction. A series of major banks plunged into the red: BID and TCB both fell 3.7%, while VCB and CTG also retreated 2.1%. As a result, the entire financial sector recorded a 1.35% decrease. The technology and telecommunications sectors also weakened significantly, with declines of 3.68% and 2.5% respectively.

In stark contrast to the gloomy picture of blue-chip stocks, speculative capital was extremely active in sectors directly benefiting from the Middle East crisis. The energy sector had a spectacular trading session, with the sector index soaring 7.16%. Utilities and basic materials also successfully bucked the trend, rising 3.75% and 1.25% respectively.

The electronic trading board for the oil and gas sector was awash in purple. A series of leading stocks were being snapped up by investors at any price, pushing their share prices to the ceiling. Notable examples include PLX, up 7%; GAS, up 6.9%; PVD, up 6.9%; and PVC, soaring with a 9.6% increase.

In line with the trend, shipping and chemical stocks also became strong magnets attracting investment amidst forecasts of soaring freight rates. PVT shares surged spectacularly with a 6.8% increase, nearing their ceiling price.

Liquidity surged.

The intense tug-of-war between sellers (in large-cap stocks) and buyers (in commodities and energy) pushed market liquidity to very high levels. The total trading value of the VN-Index reached a massive 42,373 billion VND. Of this, the VN30 basket alone contributed over 23,212 billion VND, demonstrating the extremely high trading intensity in key stocks.

An interesting point in the trading session on March 3rd was the divergence not only between industry groups but also between exchanges. While the HoSE was in the red, smaller exchanges unexpectedly reversed course thanks to the concentration of many small and medium-sized oil and chemical stocks. At the close of the session, the HNX-Index increased by 1.01 points (0.39%) to 260.01 points, and the UPCoM-Index also edged up slightly by 0.52 points (0.40%) to 129.23 points.

Following a turbulent trading session, experts believe the market is entering a highly sensitive revaluation phase. As long as geopolitical tensions remain unresolved, capital flows are likely to continue their "defensive-offensive" strategy, withdrawing from high-risk assets and seeking refuge in essential commodities and energy sectors.

Source: https://nld.com.vn/vn-index-lai-roi-tu-do-gan-33-diem-196260303152520219.htm