Market Overview

The VN-Index witnessed a decline, closing 2.05 points lower after a drop of 0.70 points in the previous session. This downturn reflects a cautious sentiment among investors.

Trading Volume Insights

Trading on the Ho Chi Minh Stock Exchange saw a significant decrease, down by 14% to VND16.960 trillion (US$662.4 million), marking the lowest in three weeks. This reduction in trading volume indicates a potential shift in market dynamics.

Stock Performance

Within the VN-30 basket, which includes the 30 largest capped stocks, 16 tickers experienced a drop. Notably, TPB of private TPBank slipped 3.0%, LPB of Fortune Vietnam Bank went down 2.1%, and GAS of state-owned Petrovietnam Gas closed 1.3% lower. On the brighter side, ten blue chips gained, with VIC of private conglomerate Vingroup rising 2.9%, FPT of tech giant FPT Corporation and TPB seeing a 2.4% gain, and VHM of property giant Vinhomes up by 1.9%.

Foreign Investment Trends

Foreign investors were net sellers, offloading assets worth VND951 billion, primarily selling VHM and HPG of steelmaker Hoa Phat Group. This trend could signal a reevaluation of investment strategies by international stakeholders.

Other Market Movements

The HNX-Index for stocks on the Hanoi Stock Exchange, which is home to mid and small caps, rose slightly by 0.02%. Meanwhile, the UPCoM-Index for the Unlisted Public Companies Market saw a modest increase of 0.15%.