Stock market report for April 3: Declining stocks

Vietnam Stock Market Takes a Hit: VN-Index Drops Nearly 16 Points in Trading Session

The VN-Index dropped nearly 16 points today, with all 30 blue-chip codes closing below reference. The electricity sector was particularly affected during the trading session, with the market opening below reference and struggling throughout the morning. Despite selling pressure, stock holders did not drastically lower prices, while buyers were only listing at low price ranges.

In the afternoon session, the market saw a slight recovery near reference before 2:00 p.m. However, selling pressure increased sharply in the middle of the afternoon, causing many stocks to retreat and leading to a decrease in the VN-Index by over 10 points. Selling pressure continued until the close, with the VN-Index falling 15.57 points to 1,271.47 points, while the VN30-Index lost over 18 points.

The market experienced high liquidity during this session, with transaction value on HoSE exceeding 27,400 billion VND. In large capitalization group many blue-chip stocks closed below reference and notable declines were seen in banking, consumer goods and steel sectors with notable decreases in stocks like GVR CTG MWG etc . On the other hand some stocks like those of Vingroup group only lost a small percentage of market price. In mid-cap group red also dominated particularly in real estate and construction sectors but some stocks in fertilizer oil gas seafood sectors remained green

Overall it was a challenging session for market which had red dominating and many blue chip stocks closing below reference

Leave a Reply

Local Officials Find Joy and Positivity in Business Openings Previous post Triple Threat: Santa Monica Chamber of Commerce Celebrates New Business Openings in a Week
Top 8 foods to incorporate into your diet for a body detox Next post Healthy Eating: Boost Your Immune System with Green Veggies, Lemons, and Green Tea