Following a lackluster trading week, the stock market faced continued selling pressure from the opening session on September 22nd. Selling intensified among banking and large-cap stocks. The VN-Index closed down 24.17 points (-1.16%) at 1,634.15 points. Foreign investors were net sellers, offloading a significant 1,757 billion VND during the session.
Securities firms recorded net buying of 375 billion VND on the Ho Chi Minh City Stock Exchange (HOSE).
Specifically, MBB and HPG saw net buying of 48 billion VND and 48 billion VND, respectively. They were followed by MWG (39 billion VND), VIC (36 billion VND), SHB (35 billion VND), TCB (30 billion VND), VPB (27 billion VND), STB (25 billion VND), VHM (21 billion VND), and VIB (20 billion VND), all of which were actively purchased by securities firms.
Conversely, securities firms were net sellers of VRE (-23 billion VND), FUEVFVND (-22 billion VND), VNM (-21 billion VND), VCB (-16 billion VND), and FPT (-12 billion VND). Other stocks experiencing notable net selling included DCM (-6 billion VND), E1VFVN30 (-6 billion VND), CTG (-5 billion VND), DPM (-5 billion VND), and FUETCC50 (-4 billion VND).
Stock Market Plunges Over 40 Points Before Rebounding: Investors Face Losses Amid Sudden Sell-Off
Technically speaking, experts note that key indicators have collectively breached the support zone of the 20-day moving average, signaling a clear short-term correction.
Market Plunge: Blue-Chip Stocks Retreat, Triggering Sharp Decline in Early-Week Trading
Domestic stocks faced a challenging start to the week, with selling pressure dominating the market and driving the VN-Index down by 24 points. No sector or stock emerged as a strong enough pillar to support the market.
Stock Market Tomorrow, September 23: Will Stock Supply Continue to Pressure?
The trading session on September 22nd witnessed intense selling pressure. Will stock supply continue to exert pressure in tomorrow’s session?
Stock Market Faces Dual Headwinds: Experts Highlight Select Sectors Poised for Renewed Investment Inflows
Market experts suggest that, despite current valuations not being cheap, the market is not yet in an overheated phase compared to historical levels, leaving room for further growth. This juncture calls for discerning decision-making from investors.
Technical Analysis for the Afternoon Session of September 22: Breaking the Short-Term Trendline
The VN-Index extended its decline, breaching the short-term trendline support at the 1,645-1,660 range. Similarly, the HNX-Index retreated, falling below the Middle Band of the Bollinger Bands indicator.
