VN-Index lost more than 24 points, strong selling pressure on banking and securities groups

Selling pressure increased, VN-Index lost nearly 40 points at one point but then recovered slightly towards the end of the session. Liquidity also increased again today.

The stock market is under constant pressure to adjust - Photo: QUANG DINH

The stock market on September 22 recorded a volatile trading session. Right from the opening, the VN-Index was under great pressure from pillar stocks, falling into a state of strong correction.

At the end of the morning session, the index lost more than 22 points, and at times fell nearly 40 points in the early afternoon session. However, bottom-fishing demand appeared in some stocks, helping the market narrow the decline towards the end of the day.

At the end of the session, VN-Index decreased by more than 24 points, equivalent to 1.46%, to 1,634 points. Liquidity on all three floors reached nearly 39,000 billion VND, an improvement compared to the session at the end of last week.

Selling pressure remained dominant as 18/19 industry groups lost points, except for the media industry thanks to the increase in YEG stock price.

In the large-cap basket, a series of banking codes fell sharply: HDB (-3.97%), VPB (-2.96%), TCB (-2.34%), CTG (-3.71%),VIB (-2.71%), EIB (-4.21%), MSB (-2.96%).

The securities group also suffered similar pressure with SSI (-2.6%), VND (-2.42%), HCM (-2.25%), MBS (-3.07%), VDS (-4.03%).

Real estate stocks fell 1.7% on average, mainly due to the Vingroup ecosystem, in which VHM and VIC took away nearly 5 points from the VN-Index.

However, the market still has bright spots, as many real estate stocks have gone against the trend to increase in price. PDR (+2.13%), DIG (+1.22%), CEO (+3.27%), HDC (+1.56%) or TCH (+1.93%) continue to extend the recovery momentum from last week, supported by net buying power of foreign investors.

In addition, the decrease in construction, food, chemical, utility and textile groups was also lighter than the general level.

Foreign investors increased their trading today but were inclined towards net selling with a value of more than 1,750 billion VND. Selling pressure was concentrated in the banking, real estate (especially VHM, VIC), retail, securities, steel, information technology, food, aviation and warehouse groups.

On the contrary, foreign capital net bought some construction, water transport, and communication stocks along with many individual codes such as PDR, HDC, TCH, KBC, DIG, NTL, VND, and VNM.

September is traditionally a low-performing month for the stock market.

According to MBS Research's strategic report, the VN-Index has now experienced its longest losing streak since the 1,400-point zone in July 2025. In the past 5 weeks, the index has failed to conquer the 1,700-point mark for 4 weeks.

This reflects a re-accumulation trend after a 4-month uptrend, with an expected fluctuation range around 1,600 - 1,700 points.

Liquidity last week also only reached about 37,000 billion VND, the lowest in 9 weeks and down 40% compared to the peak in August, showing the prevailing cautious sentiment, despite the recovery of world stocks thanks to the Fed's interest rate cut and expectations of market upgrade.

Market breadth continued to narrow as only about 40% of stocks increased in price in the past two weeks, while key sectors such as banking and securities fell for three consecutive weeks. Growth was mainly concentrated in a few large stocks such as Vingroup, leaving many investor portfolios in a state of loss.

In terms of technical and seasonal factors, September is traditionally a low-performance period and the current performance of the VN-Index continues to show that the market has not escaped this rule.

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BINH KHANH

Source: https://tuoitre.vn/vn-index-mat-hon-24-diem-ap-luc-ban-manh-nhom-ngan-hang-chung-khoan-20250922152304786.htm