VN-Index loses over 17 points, blue-chip stocks plummet.

The stock market continued to face strong downward pressure on the morning of June 3rd as large-cap stocks weakened across the board, dragging the VN-Index down by more than 17 points.

At the end of the morning session on June 3rd, the VN-Index fell 17.21 points, or 0.94%, to 1,809.26 points. Although market breadth wasn't overly negative, the impact from blue-chip stocks caused the overall index to decline sharply.

The two stocks with the strongest impact on the market were VIC and VHM. VIC fell by 4.64%, while VHM lost 3.05%. The simultaneous weakening of these leading stocks meant their role in supporting the market almost disappeared, while capital tended to flow towards mid-cap stocks.

The VN30 basket recorded 7 declining stocks and 19 rising stocks. The most notable gainers were mainly mid-cap stocks with relatively small gains, such as FPT (up 3.21%), GAS (up 1.82%),ACB (up 1.99%), and MBB (up 1.01%). However, the increases in these stocks were not enough to offset the sharp declines from the leading stocks.

In the real estate sector, VHM (-3.05%), VIC (-4.64%), VRE (-3.23%), NVL (-4.58%), VPI (-2.58%) and KBC (-2%) all saw declines.

Positive sentiment spread across the banking sector with ACB (+1.79%), VCB (+0.16%), HDB (+0.6%), MBB (+0.81%), STB (+0.75%), and EIB (+0.24%). Similarly, in the financial services sector, VND (+4.08%), SSI (+0.71%), SHS (+3.95%), VIX (+1.72%), VCI (+1.23%), HCM (+2.81%), and VCK (+0.62%).

In the oil and gas sector, BSR (+0.9%), PVS (+0.26%), PLX (+0.64%), PVD (+0.68%), and PVC (+0.69%) were positive. In the retail sector, MWG (-0.9%), FRT (-0.55%), DGW (+0.13%), and PET (-1.64%) were negative .

Market developments on the morning of June 3rd. Photo: Vinh Hoang

According to experts at Vietcombank Securities Company, yesterday's VN-Index recorded a 19-point correction, with continued clear divergence in capital flows. A few stocks began to show signs of rebounding after a downward correction, although the index has not yet reversed its downward trend.

Accordingly, investors are advised to closely monitor market developments in the coming sessions. At the same time, they should exercise greater caution when opening new positions and prioritize taking advantage of intraday price fluctuations for short-term trading purposes on stocks already in their portfolios.

According to experts at AIS Securities Company, the VN-Index continued its correction phase after losing the 1,850-point level, pushing the index closer to a stronger support zone around 1,800-1,810 points. Red dominated the market, with correction pressure concentrated in the Banking, Real Estate, Energy, and Industrial sectors.

In the upcoming trading sessions, the 1,800-1,810 point range will be a crucial support level to watch. If demand there does not improve, the risk of this short-term correction not ending anytime soon remains.

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Source: https://baonghean.vn/vn-index-mat-hon-17-diem-co-phieu-tru-lao-doc-10339321.html