In the morning, the VN-Index dropped nearly 16 points as red dominated the board. Despite selling pressure, stock holders did not drastically lower their prices and buyers were only offering at low price ranges. The electricity sector was particularly affected during the session. However, in the afternoon session, there was a slight recovery in the market, nearing reference before 2:00 p.m. However, selling pressure increased sharply later on and many stocks retreated, leading to a decrease of over 10 points in the VN-Index.
At the end of the session, red dominated with 368 codes decreasing on HoSE compared to 130 increasing. Market liquidity remained high, with the transaction value on HoSE reaching over 27,400 billion VND. Interestingly, the Vingroup group fell the least in today’s session, with VIC, VHM and VRE only losing 0.1-0.2% of market price each. In contrast, most codes saw decreases ranging from 1-2%, with GVR experiencing one of the strongest declines among them.
On a related note, both the HNX-Index and UPCOM-Index closed in red on Hanoi’s stock exchange while Sacombank’s STB stock had over 18 points (1.4%) decline in value for large capitalization group stocks on HoSE
