Yesterday, the VN-Index dropped nearly 16 points as red dominated the board, with all 30 bluechip codes closing below reference. The electricity sector was particularly affected during the session. The market opened below reference and trading was challenging throughout the morning session. Despite selling pressure, stock holders did not drastically lower their prices, while buyers were only offering at low price ranges.
In the afternoon session, there was a slight recovery in the market, nearing reference before 2:00 p.m. However, selling pressure increased sharply later on, causing many stocks to retreat and leading to a decrease of over 10 points in the VN-Index. Selling pressure continued until the close, resulting in a decline of 15.57 points (1.21%) for the VN-Index and over 18 points (1.4%) for the VN30-Index. On the Hanoi stock exchange, both the HNX-Index and UPCOM-Index closed in the red.
At the end of the session, red dominated with 368 codes decreasing on HoSE compared to 130 increasing. Market liquidity remained high, with transaction value on HoSE reaching over 27 billion VND. In terms of large capitalization group stocks most codes saw declines ranging from 1-2%, with GVR experiencing strong decline among others such as CTG and MWG . Sacombank’s STB stock had highest liquidity among blue chip stocks .
Interestingly, within this year’s timeframe , it is noted that large capitalization group stocks have been experiencing declines while midcap group has shown spread of red especially real estate construction and other related sectors like steel industry . However , some codes in fertilizer oil gas seafood groups remain green .
