• Sun. Apr 21st, 2024

VN Stock Market Takes a Hit: VN-Index Drops Nearly 16 Points as Red Dominates the Board

BySamantha Nguyen

Apr 3, 2024
Stock market report for April 3: Declining stocks

The stock market in Vietnam experienced a tough day, with the VN-Index dropping nearly 16 points as red dominated the board. Despite selling pressure, stock holders 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.

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, red also dominated, particularly in real estate and construction sectors. However, some stocks in the fertilizer, oil and gas, and seafood sectors remained in the green. Overall, the market experienced a challenging session with red dominating and many blue-chip stocks closing below reference.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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