Red continues to be the dominant color of today's session, as yesterday's late session recovery did not help improve market sentiment.

Global geopolitical tensions, the Fed's long-term interest rate cut roadmap, and recent high exchange rate pressure have increased cautious sentiment in the market. VN-Index struggled after the ATO session, moving sideways near the reference point until late morning with a sharp drop in liquidity. Trading value on HoSE before lunchtime only reached over VND7,000 billion, a sharp decrease compared to previous volatile sessions.

In the afternoon session, selling pressure increased. Many investors accepted losses to sell their stocks, causing the HoSE index to widen its red color. VN-Index lost more than 15 points after only 15 minutes in the afternoon session.

The index recovered slightly in the middle of the session and then continued to decline. At the end of the session, the VN-Index fell more than 22 points (1.86%), losing the 1,200-point mark. The VN30-Index lost nearly 22 points (1.78%), down to 1,210 points. On the Hanoi Stock Exchange, the HNX-Index and UPCOM-Index both closed below the reference.

Liquidity dropped sharply. The total market trading value reached over VND21,400 billion, of which the HoSE floor accounted for over 89%. This level decreased by over VND12,000 billion compared to the previous session. Foreign investors net sold nearly VND1,000 billion today.

At the end of the session, HoSE had 137 stocks increasing in price and 348 stocks decreasing.

Investors' cash flow focuses on three main industries: real estate, banking and financial services.

In VN30, banks led the group negatively affecting the index. BID, CTG decreased by 4%, SHB, TPB, MBB, VPB lost 3%, STB, VIB, HDB were lower than the reference around 2%.

For other groups, GVR decreased by over 5%. Meanwhile, BCM, VJC, and SSI lost 2% of their market value.

In contrast, MSN was the most active stock, closing up more than 1%. Bloomberg reported that Masan is considering listing its consumer goods division. The deal could become Vietnam ’s largest-ever initial public offering (IPO).

Besides MSN, VNM, POW and SSB codes also kept green when closing.

In the mid-cap group, selling pressure also spread. In the mid-cap group, real estate, construction, and securities stocks fell deeply. FTS hit the floor price, BSI and BVS fell over 6%, and VCI and CTS lost over 5%.

In the real estate group, most stocks closed in the red, down 1-3%. QCG went against the trend and increased to the ceiling price of 16,700 VND, with liquidity of nearly 1.4 million shares changed hands.

Minh Son