Stocks retreated immediately after opening. The VN-Index lost the 1,640-point mark after the opening auction and fell further as selling pressure dominated the HoSE. Despite brief recoveries, the market trended downwards.
After 10:00, the index fell to around 1,605 points, nearing a key psychological level. Thanks to the "Vin family" duo of VIC and VHM holding steady gains, the VN-Index narrowed its losses. At the close of the morning session, the index paused at 1,629.5 points, down almost 14 points from the previous day.
 |
VN-Index and VN30-Index chart during the morning session of 11/9. Photo: VNDirect |
VN-Index and VN30-Index chart during the morning session of 11/9. Photo: VNDirect
A total of 261 stocks on the HoSE declined, equivalent to nearly 73%. Only 75 stocks advanced, with eight hitting the ceiling price, all of which were small and mid-cap stocks.
Real estate, chemicals, retail, and technology were the only four sectors with positive indices. Vingroup and Vinhomes stocks helped to mitigate the VN-Index's decline.
Conversely, securities and banking led the decline. The top 10 stocks with the most negative impact this morning were from these two sectors, led by VPB, VCB, and CTG.
Red dominated the securities sector. The VIX fell sharply by 5.3% with a trading value of over one trillion VND. Other stocks such as SSI, VND, HCM, FTS, VDS, and CTS also dropped by around 2% to 3.9%. SSI recorded the highest market liquidity, exceeding 2,300 billion VND.
In the banking sector, VPB fell 3.5% from the reference price. SHB, ACB, CTG, EIB, HDB, and MSB declined by over 2%. Only LPB and KLB remained in the green.
Morning liquidity on the HoSE reached nearly 19,900 billion VND, about one and a half times higher than the same period yesterday. Trading value increased significantly after 10:00, when the market fell to its lowest point, near 1,600.
Foreign investors continued to net sell about 1,230 billion VND. SSI saw net selling of nearly 398 billion VND, while MSB and SHB also recorded net selling of over 100 billion VND.
 |
Trading board at the headquarters of a securities company in TP HCM. Photo: Quynh Tran |
Trading board at the headquarters of a securities company in TP HCM. Photo: Quynh Tran
In its pre-market report this morning, VPBank Securities (VPBankS) noted that the previous session's recovery was technical, driven by blue-chip stocks. The index remained below the 20-day moving average (MA20). Declining liquidity, below the average of the last 20 sessions, indicated insufficient buying power to confirm a rebound. The analysis team predicted the VN-Index would likely fluctuate between 1,625 and 1,655 points, with divergence among stock groups.
VPBankS recommended limiting chasing rising stocks. Investors should consider only short-term trading (T+) with stocks holding above the MA20 or forming reversal candlestick patterns at support levels, within sectors maintaining cash flow.
Tat Dat
