Market Overview

After a promising session that saw gains, the market couldn't sustain its momentum, closing slightly lower. Trading volumes on the Ho Chi Minh Stock Exchange notably decreased by 27%, amounting to VND18.8 trillion (US$739 million).

Performance Highlights

The VN-30 basket, which includes the 30 largest capped stocks, experienced a downturn with 15 tickers falling. Significant drops were observed in SSB of SeABank by 2% and BVH of Bao Viet Holdings by 1.9%. Similarly, MWG of Mobile World and VRE of Vincom Retail saw declines of 1.1% and 0.9%, respectively.

On a brighter note, eleven blue chips managed to gain, with six banks leading the charge. VIB of Vietnam International Commercial Bank and STB of Sacombank were at the forefront, posting increases of 2.9% and 2.3%.

Investor Activity

Foreign investors played the role of net sellers, offloading a total of VND365 billion. Their focus was primarily on VCB of Vietcombank and FPT of FPT Corporation.

Regional and Global Context

Meanwhile, the HNX-Index for the Hanoi Stock Exchange saw a marginal rise of 0.04%, contrasting with the UPCoM-Index's slight decline of 0.19%. Across Asia, shares eased in a holiday-thinned trade, with the dollar and U.S. Treasury yields on the rise. As the year winds down, trading volumes are expected to thin further, with investors closely monitoring the Federal Reserve's rate outlook.