VN-Index Sees Positive Turn After Four-Session Decline

The VN-Index closed 1.22 points higher, recovering from a 4.78-point drop in the previous session. Trading on the Ho Chi Minh Stock Exchange surged by 12% to VND12.819 trillion (US$504.7 million), indicating a notable rebound in market activity.

Key Players in the VN-30 Basket Show Mixed Performance

Among the VN-30 basket, which includes Vietnam's 30 largest capitalized stocks, 10 tickers experienced gains. Notable increases were seen in VNM of dairy giant Vinamilk, rising 1.25%, POW of electricity producer Petrovietnam Power Corporation, up 1.22%, and SSI of brokerage SSI Securities Corporation, closing 1.2% higher. However, 14 blue chips fell, with BVH of insurance company Bao Viet Holdings dropping 1.7%, HPG of steelmaker Hoa Phat Group sliding 0.7%, and GVR of Vietnam Rubber Group declining by 0.6%.

Foreign Investors Remain Net Sellers

Foreign investors continued to be net sellers, offloading VND198 billion, primarily focusing on FPT of IT giant FPT Corporation and HPG. This trend suggests ongoing cautious sentiment among international investors.

Regional and Global Markets Reflect Soft Economic Data

On the regional front, the HNX-Index for stocks on the Hanoi Stock Exchange rose 0.01%, while the UPCoM-Index for the Unlisted Public Companies Market increased by 0.10%. Globally, shares nudged lower due to soft economic numbers from China and Europe, and rising bond yields challenging equity valuations. China's blue chip index eased 0.5%, following a 2% drop last Friday. European stocks also declined by 0.1%, influenced by weak business activity data from Germany and France, leading MSCI's world share index to edge down. U.S. share futures, however, remained steady.