VN-Index broke through the milestone of 1,200 points

Stock market Opening this afternoon session with high pessimism, selling pressure continued to widen on the whole floor and caused stock indexes to continuously lose hard support levels.

The hard support level of 1,200 points was broken very easily when investors were not eager to buy, even the sellers prevailed and made the index approach 1,180 points.

At 2:23 p.m., VN-Index dropped nearly 60 points to 1,180 points. Nearly 190 securities codes lost all range on all 3 exchanges. Many large stocks continued to decline, in which Sacombank (STB) and Vietnam Rubber Group (GVR) dropped to the floor.

Among the 30 key stocks in the VN-30 group, only 3 stocks remained in green, including: FPT, SSI Securities and Vinamilk, the rest all dropped in price.

Some other strong losers included: Masan down 5,100 dong to 99,000 dong/share; Sabeco decreased 6,400 dong to 158,500 dong/share; Vinhomes dropped 3,200 VND to 65,700 VND/share…

The market was dyed in pessimism when the sellers were very aggressive and the buyers were weak. There were 987 stocks on the floor that fell, of which 340 stocks fell to the floor. The number of stocks hitting the floor price alone was more than double the number of 158 advancers.

At the end of the session, VN-Index dropped another 56 points (-4.53%) to 1,182.77 points, the lowest level since March 2021 up to now. Meanwhile, HNX-Index was also in a series of plunges of 13.13 points (-4.16%) to 302.39 points.

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