Market Overview

The Ho Chi Minh Stock Exchange witnessed a slight decline, with the index closing 0.50 points lower after a previous session drop of 2.43 points. Despite this, trading volume saw a significant 10% increase, reaching VND15.53 trillion (US$597 million).

Performance of Key Stocks

Among the VN-30 basket, which includes the 30 largest capped stocks, 17 tickers fell. Notably, SAB of brewer Sabeco plunged 6.1%, and VJC of budget airline Vietjet decreased by 3.5%. Other declines included BCM of Becamex Investment and Industrial Development, dropping 1.3%, and SSB of SeABank, closing 1.1% lower.

Positive Moves Amidst the Downturn

However, not all was bleak. Eight blue chips managed to buck the trend, with VRE of retail real estate arm Vincom Retail gaining 2.4% and TCB of private lender Techcombank increasing by 1.2%.

Foreign Investment Trends

Foreign investors emerged as net sellers, offloading VND256 billion worth of stocks, primarily targeting VIC of private conglomerate Vingroup and SAB of Sabeco.

Other Market Indices

The HNX-Index for stocks on the Hanoi Stock Exchange, which focuses on mid and small caps, rose by 0.23%. Similarly, the UPCoM-Index for the Unlisted Public Companies Market saw a modest increase of 0.19%.

Looking Ahead

Vietnam's markets are set to resume on Monday, introducing a new trading system developed in collaboration with the Korean Stock Exchange, signaling potential shifts in trading dynamics.