During the weekend holidays, information related to the war in the Middle East with escalating tensions has made investors worried that market developments in the new week will have fluctuations. And as predicted, Asian stock markets simultaneously fell sharply in this morning's session (March 30).
Although there was a relatively positive recovery in the previous week, the Vietnamese stock market was not outside the general trend when entering the first session of the week with a completely opposite state as selling pressure increased.
Widespread selling pressure, with the main pressure coming from stocks in the VN30 basket as well as the group of pillar stocks of banking and securities, caused VN-Index to quickly fall below the 1,650 point mark, even at times falling more than 30 points.
Closing this morning's trading session, VN-Index decreased by nearly 23 points (-1.35%), to 1,650.15 points. Market breadth leaned completely towards the selling side with 247 declining stocks and 66 increasing stocks. Market liquidity is showing signs of improvement compared to the previous session. The trading value of HOSE this morning reached 10,050 billion VND, an increase compared to the last session of last week.
Foreign investors' transactions also did not bring much support as this group of investors maintained a cautious state and significantly narrowed disbursement activities.
Regarding the level of impact, the 10 stocks with the most negative impacts took away a total of 14.5 points of VN-Index, in which VIC stock put the greatest pressure when taking away 5.06 points of the index. In the opposite direction, BSR and GEE are the stocks with the most positive impacts, bringing the overall index up 1.62 points.
In terms of industry groups, information technology decreased the most in the market with a decrease of 2.57% when leading stocks all recorded significant adjustments such as FPT (-2.76%), CMG (-1.54%) and ELC (-2.45%). Large-cap groups such as finance and real estate also put significant pressure when many stocks were under strong selling pressure.
While most industry groups fell into a state of correction, the energy stock group successfully reversed the trend with most trading in green with an increase of 1.67%, thanks to the positive contribution of stocks such as BSR (+3.08%), PVS (+1.17%), OIL (+3.92%), PVC (+3.26%)...
According to experts' assessment, in the current context to confirm a reliable bottom, the stock market needs to converge clearer signals, instead of just stopping at technical reaction at support.
First of all, liquidity needs to improve again in the upward waves, showing that cash flow is actively returning instead of a supply-demand state. At the same time, the index needs to maintain above the 1,650 point threshold through many sessions.
The appearance of leading stock groups is also an important factor, especially in large-cap groups, instead of just localized excitement in midcap or penny stocks. Cash flow needs to have signs of spreading and maintaining stability, rather than just rapid and exploratory circulation.
Finally, an important factor is the market's sensitivity to external information gradually decreasing, especially fluctuations related to geopolitics and energy prices. When the market no longer reacts strongly negatively to bad news, it is often a sign that the supply-demand balance is gradually forming.
