Market

Vietnamese Stock Market Shows Resilience as Major Blue Chips Climb Amidst Trading Dip

Market Overview

The Ho Chi Minh Stock Exchange witnessed a slight recovery as the index closed 10.5 points higher, bouncing back from a 10.6-point drop in the previous session.

Trading Volume

Trading volume saw a significant decrease, falling by 29% to VND15.03 trillion (US$586 million), indicating a cautious stance among investors.

Blue Chips Performance

Out of the VN-30 basket, which includes the 30 largest capped stocks, 22 tickers ended in the green. Notable gainers included VRE of Vincom Retail, up by 4.4%, and STB of Sacombank, which rose 3.7%. Property and conglomerate giants VHM and VIC also saw gains of 3.3% and 2.9% respectively.

Decliners and Foreign Investment

On the downside, five blue chips experienced drops, with GVR of Vietnam Rubber Group and BVH of Bao Viet Holdings leading the losses. Foreign investors were net sellers, offloading stocks worth VND440 billion, primarily in SSI and MSN.

Other Indices

The HNX-Index for mid and small caps on the Hanoi Stock Exchange and the UPCoM-Index for unlisted public companies both posted modest gains, rising by 0.58% and 0.43% respectively.