Market

Vietnamese Stock Market Sees Slight Decline Amid Mixed Corporate Performances

Market Overview

The Vietnamese stock market experienced a slight downturn, with the index closing 5.29 points lower after a previous session gain of 10.11 points. Trading volume on the Ho Chi Minh Stock Exchange saw a 5% decrease, totaling VND19.70 trillion (US$772 million).

Corporate Performances

In the VN-30 basket, which includes the 30 largest capped stocks, 21 tickers declined. Notable declines included VPB of private lender VPBank, which dropped by 2%, and MBB of lender MB, which saw a 1.6% decrease. VIC of private conglomerate Vingroup and CTG of state-owned lender VietinBank also fell by 1.5% and 1.4%, respectively.

On a brighter note, seven blue chips managed to gain, with SHB of Saigon Hanoi Commercial Bank leading the way with a 3.1% increase. LPB of Fortune Vietnam Bank and GAS of state-owned Petrovietnam Gas also saw gains, with LPB increasing by 2% and GAS closing 1.3% lower.

Foreign Investment Trends

Foreign investors were net sellers, offloading a total of VND431 billion. The majority of sales were concentrated in FPT of tech giant FPT Corporation and SSI of brokerage SSI Securities Corporation.

Other Markets

The HNX-Index for stocks on the Hanoi Stock Exchange, which caters to mid and small caps, rose by 0.11%. Conversely, the UPCoM-Index for the Unlisted Public Companies Market decreased by 0.14%.