Red covers the whole market, VN-Index drops more than 40 points

The stock market in the first session of the week on September 8 was under strong selling pressure right from the opening. Accordingly, the VN-Index broke through the important support level, falling 27.85 points to 1,639.42 points when the morning session was paused. The entire HoSE floor had 51 stocks increasing, 293 stocks decreasing and 23 stocks remaining unchanged.

After the lunch break, the large-cap group narrowed the red when the VN30 basket had 8 stocks increasing. HPG and SSI led with an increase of over 2%. On the other hand, buying pressure appeared to help bank stocks narrow the decrease.

At 2:08 p.m., VN-Index fell 13 points to around 1,653 points. Total market liquidity reached nearly VND45,000 billion, of which HoSE reached VND41,000 billion.

VN-Index decreased by 42.44 points. (Screenshot)

However, selling pressure suddenly increased sharply after 2:15 p.m., pulling the VN-Index to the lowest level of the day. At the end of the trading session on September 8, the VN-Index decreased by 42.44 points (2.55%), down to 1,624.53 points. On the entire HoSE floor, there were only 56 stocks increasing, 285 stocks decreasing and 35 stocks remaining unchanged.

In the VN30 group, only 1 code increased in price, 26 codes decreased and 3 codes remained unchanged. The VN30-Index closed the session down 38.26 points (2.07%) to 1,807.22 points.

In the banking group, VPB decreased by the full margin, TPB decreased by 6.1%,VIB decreased by 5.6%, SSB decreased by 5%. Besides, many financial stocks fell to the floor such as VIX, ORS, EIB, VDS, EVF, EVS...

Real estate stocks were also under pressure with many codes hitting the floor such as TIG, VES, HAR, PTL, NBB, HTN. A series of stocks fell over 6% such as CEO, PDR, LEC, IDJ, HDG, HDC, NVL, DXS, TDC, VGV.

Red also spread to the technology, energy, consumer and utilities sectors.

On the other hand, steel was a rare bright spot with SMC up 7%, NKG up 1.4%, HMC up 0.8%, HPG up 0.35%. However, the number of stocks that decreased still dominated, including TVN, HSG, TIS, GDA, TLH, VCA, NSH, TDS, VGS.

On the Hanoi Stock Exchange, the HNX-Index fell 9.1 points (3.24%) to 271.57 points. The UPCoM-Index fell 1.7 points (1.52%) to 110.12 points.

The whole market had 177 stocks increasing, while 629 stocks decreased and 170 stocks remained unchanged.

In today's session, total market liquidity reached over VND58,000 billion, with HOSE alone reaching over VND53,000 billion. Foreign investors were a positive factor when they net bought nearly VND1,000 billion on HOSE, focusing on HPG, SSI, CTG.

Lagerstroemia

Source: https://vtcnews.vn/sac-do-bao-trum-toan-thi-truong-vn-index-giam-hon-40-diem-ar964294.html