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Stock market report for April 3: Declining stocks

Yesterday, the VN-Index dropped nearly 16 points as red dominated the board, with all 30 blue-chip codes closing below reference. The electricity sector was particularly affected during the trading session, with the market opening below reference and struggling 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 particular sectors such as banking and consumer goods showed notable declines in their blue chip stocks whereas steel sector also experienced sell off but less than others. Notable decreases were seen in stocks like GVR, CTG and MWG while some stocks from Vingroup group lost only a small percentage of market price.

Red also dominated in mid-cap group particularly real estate and construction sectors however fertilizer oil and gas seafood sectors remained green amidst sell offs in other sectors. Overall market experienced a challenging session with red dominating and many blue-chip stocks closing below reference but still high liquidity was maintained throughout trading session.

By Samantha Jones

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