Real estate, banking, and securities stocks were on fire at the beginning of the week, investors rushed to flee

April 18, 2022 16:48 GMT+7

VN30 electronic board at the end of trading session.

On HoSE, there were 373 stocks that fell and only 109 stocks increased. A series of stocks dropped on a large scale right from the opening session, this trend took place throughout the afternoon session.

Not only in blue-chips, stocks with small and medium-caps were also sold-off.

A series of real estate and securities stocks fell into the void of buyers such as: SSI, AGR, CTS, HNG, DAG, NBB, VCG, ROS, FLC, GEX, VIX,….

Banking codes were also deeply in red at the close of the session. ACB down 2.2%, BID down 3.4%, CTG down 5.8%, HDB down 1.1%, MBB down 3.5%, STB down 3.7%, TCB down 1.6%, VCB down 3.1%.

Meanwhile, other large stocks in the VN30 group were in a similar situation. Hoa Phat’s HPG closed the first session of the week in the red with a loss of 3.5%, KDH down 0.4%, MSN down 0.8%, NVL down 2.3%, POW down 1.4%, VIC down 1.5%.

Only 9 stocks in the VN30 basket ended the week in the green, including: VNM up 0.7%, VJC up 1.8%, TPB up 1.5%, SAB up 0.8%, PDR up 1.4 %, GVR up 2.2%, GAS up 0.2%, FPT up 0.4%.

Previously, Saigon – Hanoi Securities Company commented that with the current situation, it is quite difficult for the next trading week from April 18 to April 22, the market can quickly break out to head to high price areas. but may need to retreat to low price areas to find bottom fishing demand. If bottom-fishing demand is good enough, as demonstrated by improved liquidity, the market, represented by the VN-Index, may recover.

Meanwhile, Bao Viet Securities Company recommends that investors limit disbursement and continue to hold a position of observing the market in the early sessions of next week. For existing positions in the portfolio, investors should prioritize risk control by using a trailing stoploss order to ensure the safety of the portfolio against unexpected movements in the negative direction of the stock market. market.

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