Market Overview

The VN-Index experienced its most significant drop in over five months, closing 15.29 points lower. This follows a previous session's decline of 5.25 points, signaling a turbulent period for investors.

Trading Volume Surges

Trading activity on the Ho Chi Minh Stock Exchange saw a remarkable increase, with volumes surging by 50% to VND11.235 trillion (US$442.8 million). This spike in trading underscores the heightened activity amidst the market's volatility.

Performance of Major Stocks

Within the VN-30 basket, which includes the 30 largest capped stocks, 26 tickers experienced declines. Notably, HDB of HDBank led the downturn with a 3.4% drop, followed closely by STB of Sacombank and SSI of SSI Securities Corporation, which fell by 3.3% and 2.9%, respectively.

Gains Amidst the Gloom

Despite the widespread declines, three blue-chip stocks managed to secure gains. SSB of SeABank rose by 2.1%, BVH of Bao Viet Holdings increased by 1.0%, and CTG of VietinBank edged up by 0.3%.

Foreign Investors' Moves

Foreign investors were net sellers, offloading stocks worth VND220 billion, primarily targeting FPT of FPT Corporation and STB.

Other Indices and Global Markets

The HNX-Index and UPCoM-Index also faced downturns, dropping by 1.10% and 1.03%, respectively. Globally, European shares slightly declined, while Asian markets, including Japan's Nikkei and China's blue-chips, also faced losses.