221 stocks hit the floor on HOSE, VN-Index ‘falls’ 60 points
In the stock trading session on May 9, the market fell right from the morning session and the falling momentum became stronger towards the end of the session.
Closing, VN-Index lost 59.64 points (down 4.49%), to 1,269.62 points, the lowest since July 2021. Two weeks ago, VN-Index also had a strong drop below 1,300 points, but then reversed to increase again.
HOSE only had 27 advancers, compared to 445 decliners. In which, 221 stocks fell to the floor. Among the stocks that did not hit the floor price, many stocks fell more than 6%, which is close to the floor price.
The VN30 group closed with all 30 discount codes, of which 13 fell to the floor. Blue-chips such as Vinamilk, Vingroup, and Vinhomes fell just under 1%, Vietcombank and Masan only dropped 2%. If these stocks drop more strongly, VN-Index will drop even deeper.
The biggest drop today is the stock of securities companies. Most of the stocks in this group fell to the floor, such as SSI, VND, HCM, SHS, VCI…
Banking group with VPB, TCB, STB, LPB, CTG, BID, MSB, OCB, PGB hit the floor price, BVB and VBB fell more than 10%, other stocks that fell close to the floor price were MBB, SHB, TPB…
Before today’s session, MBS securities company commented that the market needs to test the short-term bottom at 1,260 points. MBS believes that investors should limit surfing when the market’s volatility is increasing, not averaging down prices and lowering the margin ratio to a safe level.
Rong Viet Securities also believes that currently, market movements are unstable and potentially risky, so investors need to slow down and should still limit new purchases until the market has good enough support signals. Consider keeping the portfolio at a safe level.
According to BSC Securities, the VN-Index is in the process of testing the short-term bottom and it will take time to stabilize and attract the cash flow back before there are clear recoveries.
According to the Law and readers
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