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Today’s Stock Market Report: Declining Stocks on April 3

Byeditor

Apr 3, 2024

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

In the afternoon session, there was a slight recovery in the market, nearing reference before 2:00 p.m. However, selling pressure increased sharply later on, causing many stocks to retreat and leading to a decrease of over 10 points in the VN-Index. Selling pressure continued until the close, resulting in a decline of 15.57 points (1.21%) for the VN-Index and over 18 points (1.4%) for the VN30-Index. On the Hanoi stock exchange, both the HNX-Index and UPCOM-Index closed in the red.

At the end of the session, red dominated with 368 codes decreasing on HoSE compared to 130 increasing. Market liquidity remained high, with the transaction value on HoSE reaching over 27,400 billion VND. In the large capitalization group, most codes saw decreases ranging from 1-2%, with GVR, CTG, and MWG experiencing the strongest declines. Sacombank’s STB stock had the highest liquidity in the blue-chip group.

Interestingly, the Vingroup group fell the least in today’s session, with VIC, VHM, and VRE only losing 0.1-0.2% of market price. In the mid-cap group, there was a spread of red, especially in real estate, construction, and stocks. However, some codes in the fertilizer, oil and gas, and seafood groups remained in the green.

By editor

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