Market

Historic Market Peak Followed by Sharp Decline: A Week's Lowest Close Shocks Investors

Market Overview

The index experienced a significant drop, closing 64 points lower, marking the lowest point in over a week. This comes after a 26-point gain was recorded the previous day.

Trading Volume Surge

Trading on the Ho Chi Minh Stock Exchange saw an impressive surge of 53%, reaching VND71.76 trillion (US$2.74 billion).

VN30 Basket Performance

All tickers in the VN30 basket, which includes the 30 largest capped stocks, faced declines. Notable drops were seen in TPB of private TPBank, SSI of brokerage SSI Securities Corporation, and MSN of conglomerate Masan Group, each plummeting around 7%.

Other Significant Declines

HDB of HDBank and VJC of budget airline Vietjet both closed 6.85% lower, while VNM of dairy giant Vinamilk experienced the smallest decline of 0.16%.

Foreign Investors' Activity

Foreign investors emerged as net sellers, with transactions totaling VND882 billion.

Broader Market Impact

The HNX-Index for stocks on the Hanoi Stock Exchange dropped by 3.2%, and the UPCoM-Index for the Unlisted Public Companies Market declined by 0.81%.