VN-Index falls below 1,600 point.

VTV.vn - The first trading session of the week (March 23) was negative as selling pressure intensified across the board, causing the stock market to plummet.

VN-Index plummets nearly 57 points in the first trading session of the week.

At the close of trading on March 23, the VN-Index fell 56.64 points to 1,591.17 points, breaking below the 1,600-point mark; the HNX-Index fell 5.92 points to 237.54 points.

A cautious sentiment prevailed in the market as the conflict in the Middle East dragged on, driving oil prices sharply higher since the beginning of March with no signs of cooling down. Concerns about rising inflation caused large amounts of capital to stay on the sidelines, waiting for more attractive prices, leaving the market without support. Furthermore, following the sharp decline at the end of last week, margin call pressure forced many investors to reduce their stock holdings, leading to increased selling pressure from the start of the day.

On the Ho Chi Minh City stock exchange, immediately after opening, the VN-Index fell by more than 15 points as selling pressure intensified. The decline quickly widened, and by lunchtime the index had retreated to 1,613.57 points, a loss of 34.24 points. In the afternoon session, selling pressure increased sharply towards the end of the session, causing the index to plummet further, closing at 1,591.17 points. The VN30-Index also fell by 56.94 points to 1,741.05 points.

Market breadth leaned heavily toward declines, with 317 stocks falling and only 33 rising; within the VN30 basket alone, there were 27 declining stocks and 3 rising stocks. Overall, sellers dominated the market, with 690 declining stocks compared to 124 rising stocks.

Strong supply pressure caused most sectors to decline; energy, real estate, telecommunications, industrial goods, raw materials, and transportation all fell by over 4%. The healthcare equipment and services sector was a rare bright spot, rising by 0.26%.

The real estate sector had the most negative impact on the market, with VIC deducting 14.91 points and VHM reducing the VN-Index by 1.78 points. The banking sector also exerted significant pressure, with MBB, VPB, CTG, and BID all experiencing sharp declines. Additionally, stocks like MCH, BSR , GVR, and MWG also negatively affected market performance.

Energy was the worst-performing sector, falling by approximately 4.9%, impacted by stocks like BSR, PLX, PVT, and OIL. Real estate and media services declined by around 4.8% and 4.5% respectively, with many stocks experiencing significant drops such as VIC, NVL, DXG, KBC, VGI, and FOX. Market liquidity increased compared to the previous session, with total trading value on the HOSE exceeding 29,000 billion VND.

On the Hanoi Stock Exchange, the situation was also negative, with the HNX-Index falling 5.92 points to 237.54 points. Trading volume reached over 1,700 billion VND. Stocks such as KSV, SHS, MBS, and NVB were the main contributors to the index's downward pressure.

Foreign investors continued to net sell over 500 billion VND on HOSE, focusing on MWG, HDB, VHM, and VIC; while net buying slightly on HNX.

The sharp decline at the beginning of the week showed that cautious sentiment still dominated the market as external risks increased, while selling pressure following sharp drops continued to keep selling at high levels.

Source: https://vtv.vn/vn-index-roi-moc-1600-diem-100260323173409534.htm