• Sat. Apr 13th, 2024

The Challenging VN-Index Drop: Red Dominates Market but Some Sectors Perform Despite Weak Sentiment

BySamantha Jones

Apr 3, 2024
Stock market report for April 3: Declining stocks

Today, the VN-Index dropped nearly 16 points as red dominated the board, with all 30 blue-chip codes closing below reference. The electricity sector was particularly affected during the trading session, with the market opening below reference and struggling throughout the morning. Despite selling pressure, stock holders did not drastically lower prices, while buyers were only listing at low price ranges.

In the afternoon session, the market saw a slight recovery near reference before 2:00 p.m. However, selling pressure increased sharply in the middle of the afternoon, causing many stocks to retreat and leading to a decrease in the VN-Index by over 10 points. Selling pressure continued until the close, with the VN-Index falling 15.57 points to 1,271.47 points, while the VN30-Index lost over 18 points.

Market liquidity remained high, with transaction value on HoSE exceeding 27,400 billion VND. In the large capitalization group, many blue-chip stocks closed below reference, with notable declines in banking, consumer goods, and steel sectors. Notable decreases were seen in stocks like GVR, CTG, and MWG.

Some stocks in smaller sectors also performed well despite red dominating across much of the market. For example, stocks in fertilizer and seafood sectors remained in green throughout the day after seeing strong buying interest from investors looking for bargains at low price ranges. Real estate and construction also experienced selling pressure but managed to avoid major losses due to high demand for affordable properties among local buyers who saw this as an opportunity to invest in long term projects at attractive prices.

Overall, today’s session was challenging for investors as red dominated much of it but some sectors managed to perform better than others due to their attractive valuations that made them attractive for bargain hunters who took advantage of weak sentiment on broader markets.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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