Stock “Louis” and Tri Viet Securities have no buyers, the market “bleeds”

As of 9:55 a.m., VN-Index dropped 20.88 points (1.51%) to 1,364.78 points, HNX-Index dropped 12.78 points (3.37%) to 367.16 points and UPCoM-Index down 3.82% to 102.57 points.

Right from the beginning of the session, selling pressure increased and pushed the indexes down deeply below reference level. In which, small and medium-cap stocks such as NLG, LDG, SAM, FCN, HQC, LCG, IDI, ASM… were all dragged down to the floor price.

Blue-chip stocks, GVR fell 5.5%, BCM fell 3.7%, SHB hit the floor, SAB fell 3%, HVN fell 2.9%, VRE hit the floor…

On the other side, PNJ, VNM, VND, TCB, FPT… still managed to stay in green and this only partially restrained the index’s drop.

Bank codes such as TPB, ACB, STB, VPB, BID, TCB, MBB, CTG… are currently gaining quite well; Some other blue-chips in the VN30 basket such as MSN, PNJ, FPT, POW, VIC also attracted cash flow, thereby recording positive momentum. VN30-Index gained nearly 4 points with 17 gainers.

The oil and gas sectors, aviation, seafood, plastic… are also not outside the strong decline.

Stocks in the Louis ecosystem such as BLL, AGM, TGG…and Tri Viet Securities Joint Stock Company: TVB all plunged, the selling surplus at the floor price reached millions of units per share.

Before that, the market continued to be sold strongly at the end of the session on April 20 before the selling pressure appeared at the end of the session. A series of stocks with high speculative factors were sold to floor prices along with that, many large stocks plummeted, creating great pressure on the indexes.

Market liquidity decreased compared to yesterday. The total matched value reached 22,534 billion dong, down 5.9%, of which, the matched value on HoSE alone decreased 7% to 19,400 billion dong. Foreign investors net bought about 440 billion dong on HoSE.

According to the analysis of experts of Tan Viet Securities Company – TVSI, yesterday session continued to be a strong decrease session with the majority of stocks. The psychological support level around 1,400 points only helped the market recover a few short times.

In the afternoon session, selling pressure appeared and caused stocks and indexes to drop quickly.

According to TVSI observation, today’s session, small and medium-cap stocks were under strong selling pressure while large-cap stocks had reduced selling pressure.

Foreign investors saw another net buying session again and this created support for some large-cap stocks. TVSI believes that this is reasonable and positive because this cash flow will help replace the selling pressure of cash flow from individual customers with margin loans.

Accordingly, the market’s short-term pressure is still very high and it is not advisable to try to guess the bottom, but the divergence is likely to take place quickly in the coming sessions.