Stocks 3/10 sold off
The stock market on October 3 started with investors' concerns. In the first session of October, the VN-Index increased slightly with liquidity drying up, so the negative signs became more and more obvious.
By the end of the morning session, VN-Index hit bottom and lost the 1,120-point mark, so by the beginning of the afternoon trading session on October 3, the decline was more moderate. However, before the ATC session, the bottom area was opened again when the selling pressure became stronger.
Closing the stock market session on October 3, VN-Index decreased by 37.15 points, equivalent to 3.22% to 1,118.1 points. The 1,120 point mark was easily penetrated. VN30 index also plummeted, decreasing by 36.24 points, equivalent to 3.11% to 1,130.89 points.
Stocks on October 3 witnessed a strong sell-off. In which, real estate stocks and securities raced to the floor. Illustrative photo
In the stock market session on October 3, on the Ho Chi Minh Stock Exchange, the number of stocks decreasing in price (481 stocks) was more dominant than the number of stocks increasing in price (37 stocks). Of these, 57 stocks hit the floor.
Liquidity was also one of the highlights of the stock market on October 3. Up to 992 million shares, equivalent to VND21,066 billion, were successfully transferred on the Ho Chi Minh City Stock Exchange, a sharp increase compared to the first session of October.
The VN30 group attracted attention when no blue-chip stocks closed the October 3 stock session in the green. There were 29 stocks that decreased in price and only 1 stock that remained unchanged (HDB of HDBank ). The only blue-chip that hit the floor was GVR. GVR decreased by VND1,400/share to VND19,000/share.
The sell-off was spread evenly across the entire stock market on October 3. However, real estate and securities stocks suffered the greatest losses as they raced to hit the floor.
Closing the stock market session on October 3, CII decreased by VND 1,350/share to VND 18,450/share; DIG decreased by VND 1,750/share to VND 23,350/share; DRH decreased by VND 380/share to VND 5,100/share; DXG decreased by VND 1,300/share to VND 17,750/share; DXS decreased by VND 630/share to VND 8,370/share, etc.
The securities industry also raced to hit the floor. CTS decreased by VND1,950/share to VND26,350/share; BSI decreased by VND2,750/share to VND36,950/share; AGR decreased by VND1,200/share to VND16,550/share;….
On the Hanoi Stock Exchange, the indices fell even faster. At the close of the stock market session on October 3, the HNX-Index fell 10.04 points, or 4.24%, to 226.68 points; the HNX30-Index fell 29.43 points, or 5.93%, to 466.91 points.
Asian and European stocks fall sharply
Along with the VN-Index is the sharp decline of the Asian and European markets.
Hong Kong stocks led Asia- Pacific markets lower on Tuesday, following a National Day holiday on Monday.
The city's benchmark Hang Seng index closed down 2.69% at 17,331.22, recovering slightly from an early session drop of more than 3%.
In Australia, the S&P/ASX 200 traded down 1.28% to close at 6,943.4 after the central bank kept interest rates on hold at 4.10%, as expected in a Reuters poll.
In Japan, the Nikkei 225 index fell 1.64% to close at 31,237.94.
South Korean and Chinese markets are closed for holidays.
Overnight in the US, all three major indexes traded mixed. The Dow Jones Industrial Average fell 74.15 points, or 0.22%, to 33,433.35. The S&P 500 edged up 0.01% to close at 4,288.39. The Nasdaq Composite added 0.67% to close at 13,307.77.
European stock markets were mixed on Tuesday as investors digested dismal economic data from the region.
The Stoxx 600 was up 0.12% at 9:55 a.m. London time, with sectors posting mixed gains and losses. Utilities fell 0.9% while banks rose 0.84%.
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