Stocks plummet, many stocks hit the floor

The stock market today (August 25) plummeted for the second consecutive session, VN-Index evaporated 31 points, many stocks hit the floor.

At the end of today's trading session, VN-Index fell more than 31 points to 1,614. Red covered the board with 488 stocks losing points and 27 stocks hitting the floor. Liquidity on HoSE reached more than VND42,200 billion, equivalent to 1.45 billion shares traded, down 19% compared to the average of 20 sessions, showing that selling pressure is still under control.

Strong selling pressure from all 27 banking stocks put pressure on the VN-Index this session, with 5 stocks hitting the floor, including TPB, VIB, MSB, EIB and OCB. VPB, ACB, STB, CTG andSHB also decreased by 3-6% respectively. Selling pressure also increased in other sectors such as energy (-4%), chemicals (-2.1%) and construction (-1.5%).

On the contrary, the rare real estate group still maintained green color over 1%, led by VIC (+5.6%), DXG (+1.5%) and NVL (+1%). Some insurance stocks also recorded good growth, typically AIC, BIC and BVH.

Foreign investors net sold 1,746 billion VND, mainly in HPG, VPB, STB and VHM, while strongly buying MBB with a value of 292 billion VND.

Stocks plummeted. (Illustration photo).

On the HOSE, foreign investors continued to net sell for the 12th consecutive session with a value of nearly VND1,716 billion, equivalent to a volume of nearly 45.3 million shares. HPG shares of Hoa Phat Group were the most net sold with a value of VND586.1 billion, equivalent to more than 22.3 million shares. Next was VPB with VND431.7 billion.

On HNX, foreign investors continued to net sell more than 24 billion VND, equivalent to 869,753 shares.

Of which, foreign investors focused on net selling nearly 28.2 billion VND of CEO shares of CEO Group. Second was MBS of the securities group with a scale of nearly 16.4 billion VND.

At the UPCoM market, foreign investors maintained net selling for the 12th consecutive session with a scale of nearly 8 billion VND, but net bought with a volume of 244,122 shares.

According to Saigon - Hanoi Securities Company (SHS), VN-Index has shown signs of peaking in the hot growth period and the market has ended the period of increasing speculation and strong short-term leverage. This group predicts that the HoSE index may continue to be under pressure to adjust to the price range around 1,600 points. The market will trade more slowly and liquidity will gradually decrease.

Ngoc Vy

Source: https://vtcnews.vn/chung-khoan-lao-doc-nhieu-co-phieu-nam-san-ar961762.html