VN-Index Sees Sharpest Decline in Nearly Two Months
The Vietnamese stock market experienced a notable decline, with the VN-Index dropping more than 52 points. This marked the most significant adjustment in nearly two months. Selling pressure surged as the trading session approached the end.
Market Performance Overview
The trading day began positively, as the VN-Index opened higher. However, it quickly fell below its reference point. By midday, approximately two-thirds of stocks were in decline on the HoSE exchange.
Afternoon Trading Session
In the afternoon, the market continued its downward trend amid persistent selling. Around 14:20, the index sharply declined, with many key stocks dropping significantly, leading to a drop below 1,640 points.
By the end of the trading session, the VN-Index settled at approximately 1,647 points, reflecting a loss of over 52 points compared to the previous session. This was the steepest decline in close to two months.
Stock Movement Details
Across the HoSE, a staggering 296 stocks faced losses, composing over 79% of listed shares. Notable stocks such as VHM, VPL, and VIC saw significant declines, with 31 stocks hitting their lower limit.
VN30 Index Impact
The VN30 index, which represents major stocks, fell by more than 57 points, previously dropping nearly 70 points. Out of 30 stocks in this index, 29 recorded losses, leaving only BCM in the green.
Market Statistics
| Indicator | Value |
|---|---|
| VN-Index Closing | 1,647 points |
| Declining Stocks | 296 stocks (79% of total) |
| Transaction Value (HoSE) | 24,700 billion VND |
| Net Foreign Selling | 571 billion VND |
Despite the significant decline, liquidity improved with over 8,400 billion VND traded compared to the previous day. However, the market sentiment appeared cautious, with investors hesitant to engage aggressively.
Investor Sentiment and Recommendations
The continuous selling pressure, particularly in the last three trading sessions, prompted analysts to advise investors to reduce leverage to mitigate risks. Caution is recommended against early bottom-fishing, and investors should thoughtfully evaluate new investment opportunities.
