Stock market report for April 3: Declining stocks

The Vietnamese stock market faced a difficult day today as red dominated the board, with all 30 blue-chip codes closing below reference. The electricity sector was hit particularly hard during the trading session, as the market opened below reference and struggled throughout the morning. Despite selling pressure, stockholders 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, like those of the Vingroup group, only lost a small percentage of market price. In the mid-cap group

By Sophia Gonzalez

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