After a series of sublime days and setting a historic peak, today's stock exchange, July 29, has sunk into red before strong selling pressure. Towards the end of the session, strong selling pressure poured down on the electricity board, causing red to almost take over the entire electricity board. At the end of the session, the VN Index "evaporated" 64 points, equivalent to 4.11%, down to 1,493.4 points.
However, the selling pressure helped liquidity set a record of unprecedented with nearly 2.8 billion shares matched, equivalent to a trading value of VND 71,241 billion. In the whole market, the total trading value of today's session is up to VND 80,000 billion, equivalent to USD 3 billion.
The entire HoSE exchange had only 41 stocks increasing, while the number of stocks decreasing up to 314 stocks, of which 69 stocks decreased. Notably, the exchange rates on the floor are mostly exchange rates that have increased in recent times such as banking, securities, and real estate. Leading in trading value were the two stock codes SSI and VIX with VND3,600 billion and VND3,000 billion, respectively. 4 codes with a transaction value of more than VND 2,000 billion are SHB, VND, HPG and VPB.
Also competing strongly in today's session is foreign investors with a net selling value of HoSE reaching VND1,000 billion. Of which, 6 codes recorded a net selling value of more than 100 billion VND are FPT, VIX, VPB, MWG, GEX, BID.
Due to the sudden increase in trading stocks, at some times, the electricity billboards of some securities companies were sometimes suspended in the afternoon session, displaying orders, and placing orders at some times being delayed.
For investors, today's sharp decline is no different from the session that lost points in early April due to the announcement of tariffs by US President Donald Trump. The sell order appeared in all stock codes, especially the group of securities stocks that have increased sharply in recent weeks. Some securities investment associations, groups, and brokers have also announced to investors to sell or lower the margin ratio (deposit lending) to a safe level.
Many analysts from securities companies commented that the market has increased continuously for the past 6 weeks since mid-June. After continuous increases and peaks, adjustments within 1 or 2 weeks are normal, not too worrying.
However, the market will not necessarily adjust in the short term because according to observations of cash flow from investors holding full cash waiting to participate in the stock market is very large. It is necessary to continue observing the VN-Index with the next support level being the 1,500-point zone.
Investors need to carefully evaluate short-term transactions and assess risks for the current portfolio. Implementing partial profits for stocks that meet expectations, starting to weaken.
