Vietnam Stocks Slide as VN-Index Drops Nearly 10 Points on Heavy Selling

Vietnam’s benchmark VN-Index ended lower on Tuesday after a volatile session, closing down nearly 10 points as strong selling pressure hit key sectors, particularly banking and securities.

Throughout the trading day, the index repeatedly swung between gains and losses within a narrow five-point range. Toward the close, selling pressure intensified, pushing the VN-Index down to 1,671 points, marking its second consecutive session of decline.

The broader market turned sharply negative, with more than 200 stocks falling—nearly double the number of advancers. Large-cap stocks showed a similar pattern, with 19 declining and only 10 gaining.

Key Sector Moves:

• Banking: Heavyweights led the downturn. BID lost 2.5%, while VPB, CTG, VIB, MBB, and TCB fell between 1.7–2.2%. Only LPB and STB bucked the trend with modest gains.
• Securities: The entire group was painted red. VIX plunged nearly 4%, VND lost 2.9%, and SSI reversed early gains to close 2.4% lower.
• Fertilizers: Selling also pressured this group, with DPM down 2.2% and DCM slipping 0.9%.
• Real Estate: Mixed performance. Mid-caps such as NVL, NLG, and KDH dropped 1.3–2.5%, while smaller-cap names like HQC, QCG, LDG, and SCR surged. The “Vingroup family” of stocks outperformed, helping cushion the index from steeper losses.

Market Liquidity & Foreign Flows:

Liquidity dropped sharply, with trading value down by about VND 9 trillion to VND 32.5 trillion. Steelmaker HPGtopped liquidity with over VND 3.68 trillion in matched orders—more than FPT and SSI combined.

After a session of net buying, foreign investors returned to selling, offloading over VND 3.22 trillion against disbursements of nearly VND 3.1 trillion. VPB was the main target, with around 3 million shares sold, followed by SSI, DXG, and VND.

Brokerage firms noted that while the VN-Index declined, the short-term outlook remains cautious rather than outright negative. Analysts expect the market to continue consolidating ahead of the U.S. Federal Reserve’s interest rate decision and the upcoming ETF portfolio rebalancing. A clearer trend is likely to emerge only if the index breaks above 1,690 points or falls below 1,650 points.

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Source: Vietnam Insider