VN-Index loses the 1,700 point mark.

VTV.vn - The VN-Index fell below the 1,700-point mark on December 11th as selling pressure spread across key sectors.

Illustrative image.

The trading session on December 11th saw many attempts to regain the 1,700-point mark. The VN-Index briefly tried to break through in the afternoon but failed to hold, closing down 20.08 points at 1,698.9. The HNX-Index fell 0.61 points to 255.87, while the UPCOM-Index edged up 0.88 points to near 120 points. Total market trading value reached 17,528 billion VND, generally sluggish.

Red dominated large-cap stocks such as banking, securities, and real estate. The banking sector saw VPB fall 2.93%, MBB 1.19%, STB 1.85%, HDB 1.24%, and VCB 1.03%; only a few saw gains, such as LPB up 0.68% and ABB up 1.94%.

The securities sector was also sluggish, with SSI falling 0.68%, HCM down 0.43%, VCI down 0.29%, SHS down 0.47%, while "newcomer" VPX plummeted 9.14% on its HOSE debut. VIX was one of the rare stocks to rise, gaining 1.74%.

The real estate sector, particularly Vingroup , continued its downward trend: VIC fell 1.88%, VHM fell 2.32%, VRE fell 1.67%, PDR fell 1.17%, DXG fell 0.28%, NVL fell 0.69%, while HQC stood out with a 5% increase.

Many blue-chip stocks also weakened significantly, such as VJC down 4.37%, MSN down 1.17%, VNM down 2.54%, MWG down 0.84%, and PET down 7% (hitting the floor limit).

Market support was limited, while the three Vingroup stocks (VIC, VHM, and VPL) led the negative impact on the VN-Index.

Foreign investors continued their sluggish trading activity with 1,801 billion VND in purchases and 2,338 billion VND in sales, extending their net selling streak to five consecutive sessions, with a net selling value exceeding 537 billion VND. Stocks experiencing significant net selling included VIC (over 192 billion VND), STB (over 158 billion VND), VHM (nearly 105 billion VND), and GMD (over 102 billion VND), whileFPT led the net buying side with over 240 billion VND.

Today's developments reflect a cautious sentiment prevailing in the market. Continuous net selling pressure from foreign investors, coupled with the simultaneous weakening of key stocks, caused the VN-Index to fall below 1,700 points. Liquidity remained low, reflecting insufficient domestic demand to create momentum for a recovery. The VN-Index has now lost the crucial psychological level of 1,700 points, while selling pressure from foreign investors persists, indicating the market is currently in a tug-of-war around the 1,690-1,710 point range.

Source: https://vtv.vn/vn-index-mat-moc-1700-diem-100251211163858236.htm