Market Overview

The VN-Index witnessed its most significant drop in nearly a month, closing 7.20 points lower after a modest gain in the previous session. This movement highlights the ongoing volatility in the Vietnamese stock market.

Trading Volume and Key Stocks

Trading volume on the Ho Chi Minh Stock Exchange saw a 4% decrease, amounting to VND22.215 trillion (US$871.3 million). The VN-30 basket, which includes the 30 largest capped stocks, experienced declines in 19 of its tickers. Notable drops were seen in PLX of fuel distributor Petrolimex, GVR of Vietnam Rubber Group, and MSN of conglomerate Masan Group, with decreases of 1.7%, 1.5%, and 1.3% respectively.

Gaining Blue Chips and Foreign Investment

Despite the downturn, seven blue chips managed to secure gains. VHM of property giant Vinhomes rose by 1.5%, LPB of Fortune Vietnam Bank increased by 0.8%, and VIC of private conglomerate Vingroup saw a 0.7% uptick. On the other hand, foreign investors were net sellers, offloading VND352 billion worth of stocks, primarily in VIB of Vietnam International Commercial Bank and HPG of steelmaker Hoa Phat Group.

Impact on Other Indices

The HNX-Index for stocks on the Hanoi Stock Exchange, which focuses on mid and small caps, fell by 0.82%. Similarly, the UPCoM-Index for the Unlisted Public Companies Market decreased by 0.44%, indicating a broader market downturn beyond the VN-Index.