Market Overview

The index concluded the session 13.6 points lower, a stark contrast to the 19-point gain in the previous session. Trading volume on the Ho Chi Minh Stock Exchange remained steady at VND24.2 trillion (US$936 million).

Performance Highlights

The VN-30 basket, which includes the 30 largest capped stocks, witnessed a decline in 23 tickers. Notably, GVR of Vietnam Rubber Group and BCM of Becamex Investment and Industrial Development led the downturn with drops of 6.9% and 6.6%, respectively.

Other significant losers included PLX of fuel distributor Petrolimex and SSI of brokerage SSI Securities Corporation, which fell by 3.6% and 3.3%, respectively.

Bright Spots Amidst the Gloom

Despite the overall downturn, six blue chips managed to buck the trend. HPG of steelmaker Hoa Phat Group led the gainers with a 2% increase, followed by STB of Sacombank and VIC of Vingroup, which rose by 1.7% and 1.3%, respectively.

Foreign Investment Trends

Foreign investors emerged as net buyers, injecting VND217 billion into the market. Their focus was primarily on HPG and MWG of electronics retail chain Mobile World.

Broader Market Impact

The HNX-Index for mid and small caps on the Hanoi Stock Exchange fell by 2.21%, while the UPCoM-Index for the Unlisted Public Companies Market decreased by 0.80%.