VN-Index loses nearly 20 points

On April 9th, short-term profit-taking pressure after two consecutive days of gains, especially the previous sharp rise, caused the VN-Index to reverse course and fall by nearly 20 points.

On the Ho Chi Minh City stock exchange, buying pressure dominated at the opening, helping the index rise by more than 8 points. However, selling pressure quickly intensified, pulling the index back to the reference level before turning red. By the end of the morning session, the VN-Index closed at 1,738.93 points, down 17.62 points.

In the afternoon session, selling pressure continued to prevail, causing the market to maintain its downward trend. At closing, the VN-Index stood at 1,736.68 points, down 19.87 points (-1.13%); the VN30-Index lost 16 points (-0.83%), falling to 1,915.01 points.

VIC took the biggest hit from the VN-Index. (Screenshot)

The overwhelming supply compared to demand was evident in the stock market performance. Across the entire exchange, 124 stocks rose and 191 fell. Within the VN30 basket, the number of declining stocks was more than three times the number of rising stocks (22 compared to 7).

While VIC – the largest capitalized stock on the market – provided positive support to the VN-Index in the previous session, today it had the most negative impact, deducting 6.82 points. Besides VIC, Vingroup 's stocks, including VPL and VHM, also exerted pressure, reducing the index by 1.82 points and 0.88 points respectively.

The banking sector stocks showed mixed performance. VCB, BID, VPB, and CTG exerted downward pressure, while STB,SHB , TCB, and LPB supported the market, but their contribution was quite limited (0.12–0.32 points).

Most sectors experienced declines; the sharpest drops were seen in consumer services, insurance, energy, telecommunications, real estate, and securities.

Conversely, the hardware and equipment, automotive and components, and medical equipment and services sectors performed better than the market.

Notably, liquidity decreased compared to the previous session, reaching nearly 29,000 billion VND, significantly lower than the nearly 35,000 billion VND of the April 8th session, indicating that selling pressure was not too strong.

Foreign investors continued to be net sellers, with purchases totaling nearly VND 2,705 billion and sales totaling VND 4,917 billion.

On the Hanoi Stock Exchange, at the close of trading, the HNX-Index stood at 250.98 points, down 2.34 points (-0.92%); the HNX30-Index fell 4.14 points (-0.75%) to 546.17 points. The total trading value exceeded 1,500 billion VND.

Source: https://hanoimoi.vn/vn-index-mat-gan-20-diem-743977.html