Rapid decline in the afternoon
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VN-Index fluctuated around 680 points during the morning session, but quickly collapsed in the afternoon. Stocks in VN30 dropped too fast, affecting the whole market. Leading stocks in the previous sessions such as Oil & gas and banks declined, while steel stocks continued to be sold strongly, with significant supply from foreign investors (net selling of VND46 bn in HPG and VND20 bn in HSG). As a consequence, VN-Index falling 1.43% to 674.19 points. HNX-Index also fell 0.83% to 84.59 points. The market breadth was negative as losers nearly doubled gainers.
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