The VN-Index lost 33 points in the last trading week of the second quarter.

The VN-Index fell sharply by nearly 14 points on the last trading day of the week due to increased profit-taking pressure. Foreign investors maintained their net selling streak for the 17th consecutive session.

The VN-Index continued its downward trend on the last trading day of the week (June 28), losing nearly 14 points and falling to 1,245 points.

Thus, the VN-Index lost 33 points in the last trading week of June, which was also the last week of the second quarter. Prior to that, the market had already fallen sharply by 28 points in the first trading session of the week (June 24th). The market then attempted to improve in the following sessions but only managed to reach the 1,250 point mark. Today, the index reversed course and fell sharply again by nearly 14 points, slipping below the 1,250 point mark.

At the beginning of the morning session, the market remained in positive territory, trading sideways. However, before the lunch break, the index reversed direction, turning red and falling sharply towards the end of the afternoon session.

Across the entire market, liquidity reached VND 23,489 billion, of which the HOSE exchange accounted for VND 20,857 billion, an increase of VND 5,700 billion compared to yesterday, mainly driven by strong selling pressure with 355 declining stocks and 79 rising stocks.

Nearly 72% of stocks were in the red, with chemical, oil and gas, and technology stocks being the hardest hit.

VN-Index tiếp tục lao dốc, mất 33 điểm trong tuần giao dịch cuối quý 2 - Ảnh 1. — "Red" spread across the market at the end of the week.

Leading the market's downward trend was technology stockFPT (FPT, HOSE), which fell 1.73% due to selling pressure from investors, especially foreign investors, with over 3,100 successful transactions. This placed FPT consistently in the top 5 stocks with the most negative impact on the overall stock market index.

Next, HPG ( Hoa Phat Steel, HOSE) also fell sharply by 1.91%.

Meanwhile, a series of banking stocks, including VPB (VPBank, HOSE), LPB (LPBank, HOSE), MBB (MBBank, HOSE), ACB (ACB, HOSE), SSI (SSI Securities, HOSE), etc., bucked the general trend of the sector. EIB (Eximbank, HOSE) surged 3% andSHB (SHB, HOSE) rose slightly by 0.88%, contributing positively to the market.

Notably, VND shares (VNDirect, HOSE) continued to fall sharply by 2.13% in market value on the day of the 2024 Annual General Meeting of Shareholders.

VN-Index tiếp tục lao dốc, mất 33 điểm trong tuần giao dịch cuối quý 2 - Ảnh 2. — Blue-chip stocks fueled the market's decline (Photo: SSI iBoard)

Foreign investors continued their net selling position for the 17th consecutive session. Today alone, the net selling value was approximately VND 1,170 billion.

In response to this volatility, Mr. Tran Quoc Toan, Business Director of Mirae Asset Securities Headquarters , commented that the market is mainly affected by high profit-taking pressure, as investors await Q2 business results and quarterly reports. The market will soon stabilize, but the sluggish state and cash flow may weaken in the short term, within 1-2 weeks.

Securities companies advise investors to prepare mentally and have a plan in place in case the stock market loses the support level at 1,235 – 1,250 points, by acting quickly and reducing their holdings to a safe level to limit losses.

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