VN-Index “evaporates” more than 42 points, down to 2-week low

In the morning session on the Ho Chi Minh City Stock Exchange, following the decline of the session on September 5, selling pressure increased, causing the representative index of the floor to decrease from the beginning to the end of the session.

Banking stocks were the most affected, with 9 out of 10 stocks losing the most points belonging to this group. Although some pillar stocks such as VIC and HPG were still in the green, they could not compensate for the price declines of other large-cap stocks.

After lunch break, VN-Index stopped at 1,639.12 points, down 27.85 points (-1.67%).

In the afternoon session, the market even worsened with selling pressure increasing while bottom-fishing pressure was not enough to overwhelm supply. Therefore, the market fell further.

At the end of the session, VN-Index decreased by 42.44 points (-2.55%), to 1,624.53 points - the lowest level since August 25. VN30-Index decreased by 38.26 points (-2.07%).

Most of the VN30 group decreased in price in the session on September 8. Screenshot

Red almost covered the electronic trading board when there were 285 codes decreasing in price, only 56 codes increasing in price. In the VN30 group, only 1 code was green, 3 codes were unchanged, the rest were red.

Strong selling pressure caused all sectors to decline; in which, telecommunications services, banking, securities, and energy sectors decreased the most, from 3.56% to 4.41%.

Banking is the group that has the strongest impact on the market's decline. This is a group with large capitalization, only 1 code increased in price, the rest decreased, in which VPB and EIB decreased to the floor.

Among the 10 codes that took away the most points from the VN-Index (a total of more than 19 points), the banking group had 9 codes.

The code with the largest capitalization is VCB, down 3.26%, taking away the most points with 4.27 points; followed by VPB (4.08 points), TCB (2.45 points), BID (2.12 points)...

Most stock stocks are currently red, with some codes such as VIX, VDS, ORS hitting the floor. Banking and securities are two groups that have increased positively in price recently.

Liquidity increased significantly compared to the previous session, reaching more than VND53,000 billion. The bright spot in the market was foreign investors' net buying. This group bought more than VND5,717 billion and sold more than VND4,723 billion.

On the Hanoi Stock Exchange, the total transaction value reached more than 4,000 billion VND. At the end of the session, the HNX-Index decreased by 9.1 points (-3.24%), to 271.57 points; the HNX30-Index decreased by 25.76 points (-4.15%) to 595.66 points.

Source: https://hanoimoi.vn/vn-index-boc-hoi-hon-42-diem-xuong-thap-nhat-2-tuan-715445.html