Market Slumps on HoSE as Red Dominates Board; Electricity Sector Hit Hardest

Today’s Stock Market Report: Declining Stocks on April 3

The VN-Index dropped nearly 16 points as red dominated the board, with all 30 bluechip codes closing below reference. The electricity sector was particularly affected during the session. Despite selling pressure, stock holders did not drastically lower their prices, while buyers were only offering at low price ranges.

In the afternoon session, there was a slight recovery in the market, nearing reference before 2:00 p.m. However, selling pressure increased sharply later on, causing many stocks to retreat and leading to a decrease of over 10 points in the VN-Index. On the Hanoi stock exchange, both the HNX-Index and UPCOM-Index closed in the red.

At the end of the session, red dominated with 368 codes decreasing on HoSE compared to 130 increasing. Market liquidity remained high, with the transaction value on HoSE reaching over 27,400 billion VND. In the large capitalization group, most codes saw decreases ranging from 1-2%, with GVR, CTG, and MWG experiencing the strongest declines. Sacombank’s STB stock had the highest liquidity in the blue-chip group.

Interestingly, while selling pressure continued until

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