VN-Index rises again.

VTV.vn - The domestic stock market experienced a dramatic trading session on March 4th, with the VN-Index at one point plummeting nearly 50 points before unexpectedly rebounding.

VN-Index reverses course after falling nearly 50 points.

The domestic stock market experienced a dramatic trading session on March 4th, with the VN-Index at one point plummeting nearly 50 points before unexpectedly reversing course and closing in positive territory.

Right from the start of the morning session, the index opened with a technical gain of over 10 points, reaching 1,833 points. However, the enthusiasm was short-lived as selling pressure quickly increased. Investor sentiment was dominated by negative macroeconomic news globally, particularly tensions in the Middle East and the sharp decline in Asian markets.

Notably, the sharp decline in the South Korean market forced regulators to activate circuit breakers, but when trading resumed, the indices were still down over 10%, creating a widespread negative sentiment.

Against this backdrop, the domestic market faced widespread selling pressure. Supply surged across all sectors, causing the VN-Index to plummet nearly 40 points in the morning session. In the afternoon, increased margin call pressure pushed numerous stocks to their floor prices or near their floor prices, particularly in large-cap stocks such as banking, securities, steel, and real estate. At one point, the index fell by more than 47 points, retreating to 1,766.86 points – the lowest point of the day; if calculated from its short-term peak, the market has lost more than 114 points in less than three sessions.

However, the turning point came in the early afternoon when large-scale bargain-hunting buying entered the market. Securities stocks became the focal point leading the recovery. Notably, VCI surged by the maximum allowed 6.9% to 40,850 VND/share, creating a ripple effect on SSI and many other stocks in the same sector such as HCM, SHS, VDS, and VND.

The banking sector also quickly narrowed its decline; BID surged 4.7%, VCB rose 2.3%, and CTG gained 1.4%, significantly contributing to the index's reversal. In addition, the energy and oil and gas sector maintained positive performance with PLX increasing 5.1% and GAS rising 4.3%; several other stocks such as PVT, BSR , and PVD also recorded strong gains, although many other oil and gas stocks cooled down after a period of rapid growth.

At the close of trading on March 4th, the VN-Index rose 5.13 points to 1,818.27 points. Liquidity surged, with trading value on the HOSE reaching nearly 48,020 billion VND, equivalent to over 1.57 billion shares. Across the entire exchange, there were 90 gainers, 250 losers, and 45 stocks unchanged.

Foreign investors continued their strong net selling trend on HOSE, with a value exceeding 1,690 billion VND, focusing on stocks such asFPT , POW, VHM, and STB.

On the Hanoi Stock Exchange, the HNX-Index fell 2.16 points to 257.85 points, with trading volume reaching nearly 139 million shares, equivalent to over 3,185 billion VND. The UPCOM exchange also recorded negative developments, with the UPCOM-Index falling 1.83 points to 127.23 points, and trading volume exceeding 111 million shares.

In terms of sectors, media services saw the sharpest decline, followed by materials and industrial, with many stocks experiencing significant selling pressure. Conversely, energy was a rare bright spot, rising by over 4%. The information technology and telecommunications sectors were mostly in the red.

Closing a volatile trading session, the market showed that bargain-hunting demand still existed as the index successfully rebounded towards the end of the session. However, unpredictable developments from international markets are expected to continue putting pressure on investor sentiment in the coming sessions.

Source: https://vtv.vn/vn-index-tang-tro-lai-100260304180338966.htm