Market Downturn Continues

The VN-Index experienced its third straight session of losses, closing down by 6.35 points, following a 2.28-point drop in the previous session. This trend highlights the ongoing volatility in the Ho Chi Minh Stock Exchange.

Trading Volume Sees Increase

Trading activity on the exchange saw a 6% increase, reaching VND17.084 trillion (approximately US$668.3 million), indicating heightened investor activity despite the downward trend.

Performance of Key Stocks

The VN-30 basket, which includes the top 30 largest capped stocks, witnessed 18 tickers falling. Notably, PLX of Petrolimex led the declines with a 2.8% drop, followed by HDB of HDBank and FPT of FPT Corporation, which fell by 1.8% and 1.7%, respectively.

Gains Amidst Losses

Despite the overall downturn, six blue chips managed to post gains. VIC of Vingroup rose by 1.6%, LPB of Fortune Vietnam Bank increased by 1.4%, and BVH of Bao Viet Holdings closed 0.6% higher.

Foreign Investment Trends

Foreign investors were net sellers, offloading stocks worth VND407 billion, with significant sales in PNJ of Phu Nhuan Jewelry and VNM of Vinamilk.

Broader Market Impact

The HNX-Index for the Hanoi Stock Exchange and the UPCoM-Index for unlisted companies also felt the pressure, declining by 0.56% and 0.40%, respectively.