This morning, the VN-Index initially saw a slight gain compared to its reference point, but quickly reversed course due to heavy selling in large-cap stocks. The benchmark index for the Ho Chi Minh City Stock Exchange remained in negative territory for the rest of the session, at one point losing 30 points. In the final minutes, the index narrowed its decline to 22 points, closing at 1,791 points.
The VN-Index was significantly impacted by the performance of stocks related to Vingroup. This was evident as the index plunged despite the number of advancing stocks outnumbering those that declined.
VIC hit its floor price of 121,600 VND, its lowest level in over two months. This stock has now gone eight consecutive sessions without an increase. According to calculations by VNDirect Securities Company, VIC alone caused the overall index to drop by 15 points today.
Three other Vingroup-affiliated stocks also saw sharp corrections. VHM lost over 6%, falling to 91,300 VND. VRE and VPL decreased by 0,5% and 1,4%, respectively.
Liquidity on the Ho Chi Minh City Stock Exchange increased today, reaching nearly 34,000 billion VND, with large-cap stocks contributing over 20,000 billion VND. HPG recorded an exceptionally high transaction value of over 4,000 billion VND, far surpassing the combined trading volume of the next three stocks: VIC, VHM, and FPT.
Foreign investors extended their selling streak to three consecutive sessions. This group disbursed over 5,300 billion VND while buying less than 4,400 billion VND. HPG was a major focus for foreign capital, with a net purchase of over 42 million shares.
By sector, steel stocks showed the most enthusiastic trading. HPG rose nearly 6% to 28,300 VND, providing psychological support for investors and the index. Component stocks such as HSG, NKG, and TLH also increased by over 4% compared to their reference points.
The fertilizer and chemical sectors also largely saw gains, with DCM, DPM, and DGC each accumulating over 1%.
Banks, a pillar of the market, experienced mixed performance. LPB, TPB, STB, and VPB bucked the overall trend with increases ranging from 1-2%. Conversely, leading stocks like BID, VCB, and CTG faced selling pressure, losing 0,3-1,4%.
A similar trend was observed in the real estate sector. Shares of some developers, including Dat Xanh, An Gia, Phat Dat, and Nam Long, closed above their reference points. In contrast, Novaland and Quoc Cuong Gia Lai shares were heavily sold, falling by 2,3% and 1,4% respectively.
Phuong Dong
