Market Overview

The index experienced a notable decline, closing 6.34 points lower following a 5.29 point drop in the previous session. This marks the second consecutive session of losses, signaling a potential shift in market sentiment.

Trading Volume and Key Performers

Trading activity on the Ho Chi Minh Stock Exchange saw a significant increase, with volumes rising by 19% to VND23.455 trillion (US$918.2 million). The VN-30 basket, which includes the 30 largest capped stocks, witnessed declines in 20 of its tickers. Notably, FPT of tech giant FPT Corporation fell by 4.2%, MWG of electronics retail chain Mobile World slipped 3.7%, and VPB of private lender VPBank saw a 1.8% drop.

Gains Amidst Losses

Despite the overall downturn, eight blue chips managed to secure gains. GVR of Vietnam Rubber Group led the pack with a 4.2% increase, followed by LPB of Fortune Vietnam Bank, which rose 1.6%, and VIC of private conglomerate Vingroup, closing 1.2% higher.

Foreign Investors' Role

Foreign investors were net sellers, offloading a total of VND1.4 trillion, primarily targeting FPT and MWG stocks. This activity underscores the shifting dynamics in investor confidence and market participation.

Broader Market Impact

The HNX-Index for stocks on the Hanoi Stock Exchange, which focuses on mid and small caps, fell by 0.71%. Similarly, the UPCoM-Index for the Unlisted Public Companies Market decreased by 0.96%, reflecting a broad-based market retreat.