Stocks continue to fall deeply
Red color continued to cover the market this morning when HoSE opened with nearly 300 losers, 27 stocks fell to the floor, compared to only 55 gainers. Particularly for VN30 group, 27/30 blue-chips traded below reference.
VN-Index after determining the opening price (ATO) dropped nearly 25 points (1.88%) to 1,286.26 points. VN30-Index dropped more than 19 points (1.4%) to 1,347.25 points.
VN-Index dropped nearly 25 points in the early morning session of April 26. Image: VNDirect
Groups that were sold off strongly in the first session of the week, such as retail, seafood, real estate, and securities, continued to fall deeply. In the retail group, DGW, FRT all decreased, similar situation with seafood codes like VHC, IDI. In the real estate group, CEO fell to the floor, DIG lost 6%, SCR, ITA, CII, NBB, QCG, NLG fell below reference.
On the other side, some banking codes were more active, trading struggled, sometimes increasing in price.
In the news last night, many securities companies gave less positive scenarios. KB Securities Vietnam assessed that after losing the near support zone, the VN-Index’s deep drop with liquidity increasing again in the bottom-breaking declines shows that selling pressure is dominating. Accordingly, VN-Index is likely to continue experiencing corrections in the coming sessions before establishing a more balanced price range.
Tan Viet Securities Company (TVSI) recommends that investors should not fish at the bottom and limit transactions with short-term investors. The risk level of the market is getting bigger and bigger with high damage. Support levels continue to underperform in a market with panic pressure and susceptible to the herd effect.
at Blogtuan.info – Source: vnexpress.net – Read the original article here
