Market fell sharply amid profit taking
Market
- VN-Index plummeted by 2.84% from its resistance level at 1,270 as investors secured profit on high beta stocks, including FPT -3.1%, DGC -6.9%, GVR -6.2%, CTD -6.9%, BMP -4.9%.
- Some laggards in Real-estate sector kept the bullish momentum DIG +3.5%, HQC +3.3%, TCH +2.6%, DXG +0.8%. Last week, the Government held meetings to review and provide general guidance to resolve difficulties for real estate projects, and social housing development.
- Foreign investors continued to be net sellers on the HOSE in the morning by VND509 bn (USD21 mn), focusing on DGC -6.9%, VHM -2.2%, VPB -2.7%, SSI -4.5%, DCM -5.1% and VNM -1.5%.
DGC -6.9%
- DGC saw strong profit-taking pressure as it touched its peak in the pandemic period at 131,000 last Friday.
- Chinese Phosphorus price down 6%.
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