Stock market report for April 3: Declining stocks

The VN-Index dropped nearly 16 points on Monday, with all 30 blue-chip codes closing below reference. Red dominated the board, particularly in the electricity sector, which opened below reference and struggled throughout the morning. 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. Selling pressure continued until the close, with the VN-Index falling 15.57 points to 1,271.47 points, while the VN30-Index lost over 18 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 in smaller groups also experienced significant declines due to red dominance. For example, real estate and construction sectors had notable declines in mid-cap group companies such as BKS and KDH Group Vietnam Ltd., while fertilizer sector experienced green growth with notable increases seen in fertilizer company VietNam Nitrogen Fertilizer Corporation (VNF) and Duyen Chirico International Group Company Limited (DCC). Oil and gas sector also showed positive signs with some stocks experiencing gains like PetroVietnam Gas Limited Company (PVGAS) and PetroVietnam Oil & Gas Limited Company (PVOIL). Seafood sector also experienced growth as shrimp exported from Vietnam reached new highs in February this year according to USDA reports .


By Riley Johnson

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