VN-Index lost more than 16 points due to strong selling pressure in today's session

The Vietnamese stock market closed the trading session on October 30 in red, with widespread correction pressure on most stocks in all industry groups.

The stock market is on fire under strong selling pressure. Illustrative photo

At the end of the session, VN-Index decreased by 16.26 points to 1,669.57 points. Trading volume reached more than 796.9 million shares, equivalent to more than 23,831.5 billion VND. The entire floor recorded 148 stocks increasing, 175 stocks decreasing and 47 stocks remaining unchanged.

On the HNX floor, the HNX-Index decreased by 1.08 points to 266.96 points, with more than 81.6 million shares traded, equivalent to more than VND1,837.1 billion; 74 codes increased, 78 codes decreased and 50 codes remained unchanged.

In contrast, UPCOM-Index increased by 0.78 points to 113.42 points. Trading volume reached more than 40.5 million shares, equivalent to more than 683.2 billion VND; the whole floor had 127 stocks increasing, 120 stocks decreasing and 84 stocks remaining unchanged.

The entire market recorded 390 stocks decreasing; of which 16 stocks hit the floor, exceeding 371 stocks increasing (including 32 stocks hitting the ceiling). There were 840 stocks remaining unchanged.

Adjustment pressure spread as 14/23 industry groups decreased; of which, consumer services decreased by 1.97%, real estate decreased by 1.67%, financial services (securities) decreased by 1.57%. VPL decreased by 2.15%, putting pressure on the consumer services group; in the real estate group, VIC decreased by 3.73%, VRE decreased by 3.76%, while VHM increased slightly by 0.19%.

The stock group fell sharply, with VIX hitting the floor; SSI down 2.11%, VND down 2.44%, SHS down 3.75%, MBS down 2.34%, VCI down 1.98%. Some stocks went against the trend such as TCX up 1%, FTS up 1.73%, BVS up 1.8%. The banking group lost 0.99%, pulling the index down. Some other large stocks also fell in price such as HPG, MWG and GEX (hit the floor).

In fact, despite the sharp decline in the early afternoon session, the market narrowed its decline thanks to support at the end of the session. The number of stocks falling was greater than the number of stocks rising, causing the market to retreat, in the context of large-cap groups having a very negative impact on the index.

Market liquidity recorded nearly 23,400 billion VND. Foreign investors continued to put pressure by net selling nearly 1,200 billion VND; of which VIX was net sold nearly 390 billion VND, GEX more than 196 billion VND, MBB more than 169 billion VND, SSI nearly 148 billion VND and CII more than 130 billion VND.

Despite strong correction pressure, the narrowing of the decline at the end of the session showed that cash flow was still present, supporting market sentiment and helping to limit the risk of further decline in the short term.

PV (synthesis)

Source: https://baohaiphong.vn/vn-index-mat-hon-16-diem-truoc-ap-luc-ban-manh-trong-phien-hom-nay-525133.html