The stock market on November 17 faced supply pressure right from the beginning of the session because since the beginning of November, many stocks have increased by 20-40%, causing many investors to aggressively take profits and realize profits.

In the afternoon session, after the trio of Vingroup stocks turned down, it impacted the entire market, thereby triggering a widespread sell-off that caused the market to plummet. Many MP sell orders (sell regardless) were poured into the market, causing a series of stocks in all industry groups to fall sharply.

The market is "on fire" but green still appears in the real estate group

Although near the end of the session, the buying pressure was quite good, at times pulling the VN-Index down about 10 points, but in the ATC session, investors continued to dump their stocks, so the VN-Index turned around and dropped nearly 25 points at the close. Not only did domestic investors sell off, but foreign investors also dumped their stocks heavily, with a total net selling value on the HOSE floor reaching nearly 748 billion VND.

Although there was no mass floor phenomenon, the entire market was covered in red with a large decrease. Specifically, the group of securities stocks decreased sharply: SSI decreased by 2.48%, VND decreased by 3.57%, VCI decreased by 2.89%, HCM decreased by 3.04%, VIX decreased by 3.57%, FTS decreased by 3.65%, BSI decreased by 4.56%, CTS decreased by 3.01%, AGR decreased by 2.91%...

Similarly, banking stocks also fell simultaneously, putting great pressure on the index: CTG fell 3.01%, VCB fell 2.73%, VIB fell 2.3%, VPB fell 3.02%, ACB fell 2.58%, STB fell 2.81%, HDB fell 2.37%, SHB fell 3.45%, TPB fell 2.86%, EIB fell 2.62%, MSB fell 2.6%...

The real estate - construction group attracted cash flow to catch the bottom when the market fell deeply, so it narrowed the decline significantly at the end of the session, even some stocks remained green and even QCG increased to the ceiling, ITA increased by 6.65%, PDR increased by 2.74%, SZC increased by 2.07%, DXS increased by 1.27%, KBC increased by nearly 1%... The stocks that decreased in points included the Vingroup trio, VIC, VHM and VRE, down 6.43%, 5.35% and 4.4% respectively; HDC decreased by 3.13%, HHV decreased by 2.24%, DIG decreased by 1.92%, CII decreased by 1.72%, VCG decreased by 1.91%, KDH decreased by 1.56%, NLG decreased by 1.47%... In addition, retail, energy, manufacturing and aviation stocks also decreased sharply. All 30 stocks in the VN30-Index group also decreased simultaneously.

At the end of the trading session, VN-Index decreased by 24.34 points (2.16%) to 1,101.19 points with 437 stocks decreasing, 118 stocks increasing and 58 stocks remaining unchanged.

At the end of the session on the Hanoi Stock Exchange, the HNX-Index also decreased by 3.02 points (1.32%) to 226.54 points (1.32%) with 106 stocks decreasing, 51 stocks increasing and 73 stocks remaining unchanged. The sell-off pressure across the market caused liquidity to increase sharply. The total transaction value across the market reached nearly VND28,200 billion, an increase of nearly VND12,000 billion compared to the previous session. Of which, the HOSE floor reached about VND24,400 billion.