(Vietnam Insider) – Vietnamese equities closed the week lower, with the VN-Index slipping nearly 7 points to mark its fourth consecutive losing session, despite some support from Vingroup shares.
The benchmark opened in positive territory during the ATO session but quickly fell below reference. In the first half of the morning, selling pressure was contained, with losses concentrated in the VN30 basket. However, an hour before the midday break, broader selling dragged the market further down.
The afternoon session showed mild improvement, driven mainly by real estate stocks. At one point after 2 p.m., the index nearly returned to its reference level before late-session selling again weighed on the market.
The VN-Index eventually closed at around 1,659 points, down nearly 7 points from Thursday. This marked the fourth straight decline. Market breadth was negative, with 189 losers against 133 gainers, though 10 stocks still hit their daily ceiling, including GEE and QCG.
Sector performance
Red dominated most sectors, especially banking and securities, which typically attract heavy capital flows. In contrast, real estate provided a cushion for the index.
Vingroup’s VIC was the top contributor, rising 5.7% to VND 153,200 with liquidity of nearly VND 832 billion. Other notable gainers included NVL (+5.6%), while CII, CEO, and SCR added 2–3%. However, some property names such as VHM, VCG, VRE, and KBC remained under pressure.
Liquidity and foreign flows
Market liquidity increased by about VND 1.4 trillion to VND 29.2 trillion, though still modest compared to earlier sessions that reached the equivalent of USD 2 billion. This indicates adjustment pressure but no signs of panic selling.
Foreign investors were net sellers for a fifth session, unloading roughly VND 2.8 trillion—up 86% from the previous day. Heavy outflows hit VHM, SSI, STB, VIX, VCB, VRE, VND, DGC, and KBC. On the buy side, FPT and HPG attracted strong inflows.
Weekly trend and outlook
During the week, the VN-Index attempted to retest its previous peak of 1,700 points but failed, instead moving sideways with wide fluctuations. The benchmark lost nearly 9 points for the week, with only the first session posting gains.
Falling liquidity in the last two sessions signals growing investor caution. Vietcombank Securities (VCBS) noted that investors are leaning toward observation, awaiting clearer catalysts. VPBank Securities (VPBankS) advised that a prudent strategy is to focus on short-term trading in fundamentally strong stocks with solid bases, while avoiding aggressive portfolio expansion.
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Source: Vietnam Insider