Market

Vietnamese Stocks Continue Downtrend: Key Sectors and Stocks Impacted

Market Overview

The index concluded the session with a decline of 10.60 points, following a previous drop of 6.35 points, marking the fourth consecutive session in the red.

Trading Volume

Trading activity on the Ho Chi Minh Stock Exchange saw a significant increase, up by 24% to VND21.205 trillion (US$829.1 million).

Performance of Key Stocks

The VN-30 basket, which includes the 30 largest capped stocks, experienced declines in 20 of its tickers. Notably, GVR of Vietnam Rubber Group led the losses with a 6.9% drop, followed by BCM of Becamex Investment and Industrial Development with a 3.6% decrease, and MSN of conglomerate Masan Group down by 2.5%.

Gaining Stocks

Despite the overall downturn, eight blue chips managed to secure gains. MBB of lender MB rose by 0.8%, TPB of private TPBank closed 0.7% higher, and VNM of dairy giant Vinamilk increased by 0.5%.

Foreign Investment Trends

Foreign investors emerged as net sellers, offloading assets worth VND1.28 trillion, with significant sales in FPT of tech giant FPT Corporation and VNM.

Other Indices

The HNX-Index for stocks on the Hanoi Stock Exchange fell by 1.32%, while the UPCoM-Index for the Unlisted Public Companies Market decreased by 0.61%.