Stock market report for April 3: Declining stocks

Red Monday: VN-Index Plummets Nearly 16 Points and Blue-Chip Stocks Close Below Reference

The VN-Index plummeted nearly 16 points on Monday, with the stock market trading in red throughout the day. Despite selling pressure, stockholders did not drastically lower prices and 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., but selling pressure increased sharply in the middle of the afternoon. This led to a decrease in the VN-Index by over 10 points and many stocks retreating. Selling pressure continued until the close, with the VN-Index falling 15.57 points to 1,271.47 points and the VN30-Index losing over 18 points.

Market liquidity remained high, with transaction value on HoSE exceeding 27,400 billion VND. In particular, blue-chip stocks closed below reference in large capitalization group, with notable declines in banking, consumer goods and steel sectors. Notable decreases were seen in stocks like GVR, CTG and MWG. However some stocks of Vingroup group only lost a small percentage of market price while red also dominated mid-cap group particularly in real estate and construction sectors.

Overall, Monday’s market experienced a challenging session with red dominating and many blue-chip stocks closing below reference. Market liquidity remained high and fluctuations were seen across various sectors including large capitalization group that witnessed significant declines in key sectors such as banking consumer goods steel sector among others

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