VN-Index lost nearly 56 points, liquidity reached a record high of over 42 trillion VND

SGGPO August 18, 2023 16:23

Most stocks on the market are in a state of "free fall", nearly 270 stocks are at the floor price due to widespread sell-off, market liquidity skyrocketed to nearly 42,200 billion VND.

Hundreds of stocks are on the floor during the weekend trading session.

After a long period of increasing points, combined with the information effect of Evergrande Group - China's second largest real estate developer - just filed for bankruptcy in New York on August 17, the Vietnamese stock market in the trading session on the weekend of August 18 was shaken by the market-wide sell-off pressure of investors.

A series of real estate stocks took turns hitting the floor first and had no buyers such as NVL, CTD, PDR, HDG, DIG, CTD, VIC, VHM, IDC, SZC…. Of which, VIC and VHM alone hitting the floor took away nearly 10 points from the VN-Index.

Banking stocks also fell sharply, except for VCB which increased slightly by 0.11%, the rest mostly fell by more than 5% and many stocks hit the floor such as VPB,SHB , EIB... The most "sensitive" stock group in the market, securities, also raced to fall without brakes and many stocks fell to the floor such as: VND, VCI, HCM, VIX, FTS, BSI, TVS, AGR, VDS, CTS, ORS...

Not only the financial and real estate groups, but also the manufacturing, energy, retail, aviation stocks... are also caught in the whirlwind of this "storm", so there are also many stocks that have hit the floor. In the energy group, POW has hit the floor, GAS has dropped 2.4%, PGV has dropped 4.24%, PLX has dropped 6.04%...

Although the bottom-fishing force also entered the market at the end of the session, in which foreign investors bought strongly, the VN-Index still lost nearly 56 points at the end of the session. At the end of the trading session, the VN-Index decreased by 55.49 points (4.5%) to 1,177.99 points with 486 stocks decreasing (of which 168 stocks hit the floor), only 25 stocks increased points and 18 stocks remained unchanged.

At the end of the session at the Hanoi Stock Exchange, the HNX-Index also decreased by 14.01 points (5.6%) to 235.96 points with 210 stocks decreasing (65 stocks hitting the floor), 33 stocks increasing and 25 stocks remaining unchanged. Liquidity increased sharply with a total transaction value in the whole market of nearly 42,200 billion VND.

While domestic investors were selling off, foreign investors returned to net buying nearly VND432 billion on the HOSE, ending the previous five consecutive sessions of net selling. The group of stocks with high net buying included many banking stocks such as CTG, VCB, TPB, BID. In addition, foreign investors also net bought VHM, VRE, KBC.

Source