VN-Index lost the 1,200 point mark

Stocks continued to plummet in the session on April 17, when the VN-Index fell more than 22 points to below the 1,200-point threshold, due to widespread selling pressure in the banking group.

Red continues to be the dominant color of today's session, as yesterday's late session recovery did not help improve market sentiment.

Global geopolitical tensions, the Fed's long-term interest rate cut roadmap, and recent high exchange rate pressure have increased cautious sentiment in the market. VN-Index struggled after the ATO session, moving sideways near the reference point until late morning with a sharp decline in liquidity. Trading value on HoSE before lunchtime only reached over VND7,000 billion, a sharp decrease compared to previous volatile sessions.

In the afternoon session, selling pressure increased. Many investors accepted losses to sell their stocks, causing the HoSE index to widen its red color. VN-Index lost more than 15 points after only 15 minutes of the afternoon session.

The index recovered slightly in the middle of the session and then continued to decline. At the end of the session, VN-Index fell more than 22 points (1.86%), losing the 1,200-point mark. VN30-Index lost nearly 22 points (1.78%), down to 1,210 points. On the Hanoi Stock Exchange, HNX-Index and UPCOM-Index both closed below the reference level.

Liquidity dropped sharply. Total market trading value reached over 21,400 billion, of which HoSE accounted for over 89%. This level decreased over 12,000 billion compared to the previous session. Foreign investors net sold nearly 1,000 billion today.

At the end of the session, HoSE floor had 137 stocks increasing in price and 348 stocks decreasing.

Investors' cash flow is focused on three main industries: real estate, banking and financial services.

In VN30, banks led the group negatively affecting the index. BID, CTG decreased by 4%,SHB , TPB, MBB, VPB lost 3%, STB, VIB, HDB were lower than the reference around 2%.

For other groups, GVR decreased by more than 5%. Meanwhile, BCM, VJC, and SSI lost 2% of their market value.

In contrast, MSN was the most actively traded stock, closing up more than 1%. Bloomberg reported that Masan is considering listing its consumer goods division. The deal could potentially become Vietnam 's largest-ever initial public offering (IPO).

Besides MSN, VNM, POW and SSB codes also kept green when closing.

Selling pressure also spread in the mid-cap group. In the mid-cap group, real estate, construction, and securities stocks fell sharply. FTS hit the floor price, BSI and BVS fell over 6%, and VCI and CTS lost over 5%.

In the real estate group, most stocks closed in the red, down 1-3%. QCG went against the trend and increased to the ceiling price of 16,700 VND, with liquidity of nearly 1.4 million shares changed hands.

Minh Son

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