Overwhelming selling pressure caused the VN-Index to lose more than 30 points.
The market continued to be under pressure as selling pressure spread from the start of the session, causing the number of declining stocks to dominate on the HOSE, with the VN-Index falling 33.07 points.
At the opening of the trading session on July 20th, selling pressure continued to spread and intensify as the market entered the continuous order matching phase, causing many stocks to widen their declines.
After more than an hour of trading, the number of declining stocks on HOSE was more than three times the number of rising stocks, while the VN-Index fluctuated around 1,770 points and remained above the important support zone corresponding to the SMA200 line.
Red dominated most sectors, with the securities sector continuing to be the focus of the correction. Only HCM and AGR maintained positive gains of around 0.5%, while most other stocks weakened. CTS fell by over 6.1%, BVS lost 7.1%, and VND, SSI, SHS, VCI, VIX, MBS... all declined by over 2%, reflecting the continued selling pressure in this leading group of stocks.
The banking sector was dominated by red, with SHB (-2.77%), MBB (-2.74%), TCB (-2.86%), VCB (-2.91%), CTG (-3.59%), and VIB (-3.57%). Similarly, the financial services sector saw declines of SSI (-5.15%), SHS (-6.71%), VCI (-5.18%), VIX (-5.45%), MBS (-4.02%), and VCK (-5.28%).
In the real estate sector, VIC (-0.32%), VHM (-0.5%), VRE (-3.05%), CEO (-6.11%), and DIG (-5.81%) were listed.
At the close of this morning's trading session, the VN-Index fell 33.07 points to 1,754.38 points (-1.85%) compared to the previous session. Similarly, the HNX-Index decreased by 286.66 points (-1.73%), equivalent to 5.04 points, and the UPCoM-Index decreased by 126.12 points (-0.99%), equivalent to 1.26 points.
Market liquidity reached VND 7,578.39 billion, with 343,000 shares traded. Across the sector, 40 stocks increased, 274 decreased, and 34 fell to their reference price.
According to experts at AIS Securities Company, increasing downward pressure caused the VN-Index to record its third consecutive week of decline, losing the 1,800-point mark. Liquidity remained low throughout the week, reflecting caution as large capital flows preferred to observe from the sidelines rather than risk buying at the bottom.
At the same time, persistent net selling pressure from foreign investors remains a significant psychological barrier, preventing the VN-Index from gaining the necessary momentum to break through in the short term.
The nearest support zone is around the 200-day moving average (MA200) (equivalent to 1,770 points). If this zone holds, the VN-Index may experience rebounds and technical recovery. Otherwise, this short-term downtrend is unlikely to end.
According to experts from Asean Securities Company, VN-Index is giving negative signals as it closed the last trading session of the week at 1,787 points, below the MA10 and MA20 moving averages, along with the weakening of momentum indicators RSI (40) and money flow MFI (33), confirming that selling pressure still dominates in the short term.
In this context, short-term investors should prioritize risk management, reduce margin levels, and only disburse funds when there are signs of a bottoming out accompanied by improved liquidity.
