Market

VN-Index Makes a Strong Comeback: Surges 14.22 Points After Tuesday's Steep Decline

Market Rebound

The VN-Index closed 14.22 points higher today, marking a significant rebound after a sharp drop of 64 points on Tuesday. This recovery comes after the index reached a historic peak of 1,557.42 on Monday.

Trading Volume Plummets

Trading on the Ho Chi Minh Stock Exchange saw a dramatic decrease, with volumes plunging by 41.5% to VND41.95 trillion (US$1.6 billion).

Blue Chips Performance

The VN30 basket, which includes the 30 largest capped stocks, witnessed gains in 20 tickers. Notably, VPB of private lender VPBank and SHB of Saigon Hanoi Commercial Bank hit their ceiling prices. On the downside, nine blue chips fell, with VIC of private conglomerate Vingroup and SSB of SeABank both closing 3.27% lower.

Foreign Investment Trends

Foreign investors emerged as net buyers, investing VND1498 billion, primarily in FUEVFVND of exchange-traded fund DCVFMVN DIAMOND and VPB.

Other Indices

The HNX-Index for stocks on the Hanoi Stock Exchange rose by 2.41%, while the UPCoM-Index for the Unlisted Public Companies Market decreased by 0.91%.