VN-Index falls below 1,700 as blue chips weigh on market
Vietnam's VN-Index fell below 1,700 points on October 15 as losses in large-cap stocks dragged down the market.
On October 15, the Vietnam Stock Index (VN-Index) fell below the 1,700 mark as large-cap stocks experienced losses. The VN-Index dropped to 1,698.35 points, marking a decline of 6.52 points or 0.38 percent. Despite some gains among banking, securities, and public investment shares, the losses in major stocks outweighed the gains.
Notable declines included BSR (-6.31 percent), BVH (-6.1 percent), VHM (-3.44 percent), GAS (-3.1 percent), LPB (-2.4 percent), and GVR (-1.6 percent). Oil and gas stocks also suffered, with PVT (-4.25 percent), PVP (-4.97 percent), OIL (-2.27 percent), and PLX (-1.93 percent) leading the decline. Conversely, certain banking and securities stocks saw gains, such as MBB (+2.84 percent), SSB (+1.6 percent), VCK (+3.53 percent), HCM (+3.9 percent), VCI (+1.32 percent), and SSI (+1.85 percent).
Public investment-related stocks attracted buying interest, with CII (+6.15 percent), VCG (+5.63 percent), and HHV (+5.31 percent) recording significant increases. The Ho Chi Minh Stock Exchange (HOSE) saw 164 stocks gain, 153 decline, and 51 remain unchanged. The Hanoi Stock Exchange (HSE) followed suit, with the HNX-Index falling 5.87 points or 2.21 percent to 259.29 points.
Trading volume on the HOSE exceeded VND15 trillion, up VND1.8 trillion from the previous session, while combined turnover on the HOSE and Hanoi exchange reached nearly VND15.9 trillion, an increase of VND2.1 trillion. Foreign investors continued their streak of net selling on the HOSE, recording net sales of nearly VND688 billion for 16 consecutive sessions.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
