Market

VN-Index Sees Slight Decline Amid Market Fluctuations and Foreign Investor Sell-offs

Market Overview

The VN-Index experienced a minor decrease, closing 0.12 points lower after a significant drop in the previous session. Trading volumes on the Ho Chi Minh Stock Exchange saw a 6% decrease, amounting to VND23.043 trillion (US$902.9 million).

Performance of Key Stocks

In the VN-30 basket, which includes the 30 largest capped stocks, nine tickers fell. Notably, FPT of IT giant FPT Corporation declined by 3.7%, LPB of Fortune Vietnam Bank slipped by 1.0%, and BVH of Bao Viet Holdings dropped by 0.9%. On the brighter side, fifteen blue chips gained, with SHB of Saigon Hanoi Commercial Bank rising by 7.0%, VPB of VPBank increasing by 1.8%, and VIC of Vingroup closing 1.6% higher.

Foreign Investors' Activities

Foreign investors were net sellers, offloading stocks worth VND228 billion, primarily selling FPT and DBC of Dabaco Group.

Other Indices

The HNX-Index for stocks on the Hanoi Stock Exchange, which caters to mid and small caps, rose by 0.59%, while the UPCoM-Index for the Unlisted Public Companies Market saw a 0.32% increase.