On the Ho Chi Minh City Stock Exchange, after opening, the market went up in the context of the US Federal Reserve revealing last weekend that it might cut interest rates in the near future, thanks to which the US stock market increased strongly.

After showing green and increasing more than 15 points, to over 1,660 points, VN-Index turned down due to strong selling pressure.
At the end of morning trading, VN-Index stopped at 1,632.11 points, down 13.36 points.
In the afternoon session, selling pressure became even greater, causing many stocks to fall in price, especially the pillar stocks. Although bottom-fishing pressure appeared, it could not compensate for supply.
At the end of the session, VN-Index decreased by 31.44 points (-1.91%), down to 1,614.03 points; VN30-Index stopped at 1,783.12 points, down 30.9 points (-1.7%).
Market breadth was tilted towards the downside with 233 stocks going down and only 100 stocks going up. Notably, in the VN30 group, the number of stocks going down was more than 4 times higher than the number going up (23 stocks and 5 stocks).
The large supply force caused most industry groups to decrease in points; in which, the banking group decreased the most with 4.38%. This is a group that has increased well in recent times.
In this group, no code is showing green. Notably, some codes have fallen to the floor such as TPB, EIB, MSB, VIB,OCB . As a group with large capitalization in the market, when the banking group decreased sharply, it clearly affected the market's decline.
In the 10 codes that took away the most points from the VN-Index with a total of more than 21 points, the banking group contributed 9 codes; in which, VPB took away the most points with 4.33 points, followed by BID (3.57 points), TCB (2.35 points), CTG (2.2 points), VCB (nearly 2 points)...
The market could have fallen further if it had not been for the support from the pillar code of the real estate group, VIC. Real estate is one of the three groups that went against the market. VIC increased in price by 5.56%, contributing 6.74 points.
Liquidity reached over VND41,000 billion. Foreign investors continued to net sell. This group bought over VND4,047 billion and sold over VND5,763 billion.
On the Hanoi Stock Exchange, at the end of the session, the HNX-Index stopped at 266.58 points, down 5.9 points (-2.17%; the HNX30-Index was at 582.72 points after falling 9.75 points (-1.65%). The total transaction value reached over VND2,700 billion.
Source: https://hanoimoi.vn/co-phieu-ngan-hang-ruc-do-vn-index-giam-sau-713905.html
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