On Monday, the stock market in Vietnam saw mixed movements as blue-chip stocks experienced a decrease in capital while many penny stocks reached their ceiling prices. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) dropped by 0.36 per cent to 1,240.18 points, marking the third consecutive day of decline.
The market has faced selling pressure in recent sessions, causing the VN-Index to fluctuate. Despite this, the index had a strong performance last week with a 1.9 per cent increase. The market is currently experiencing volatility as it approaches a significant resistance level.
On the southern bourse, 176 stocks saw gains while 149 stocks saw losses. Liquidity remained low with a transaction value of VNĐ14.7 trillion (US$580 million). The VN30-Index, which tracks the 30 biggest stocks on HoSE, also decreased by 0.39 per cent.
Key stocks such as Vietcombank (VCB), Vietinbank (CTG), and BIDV (BID) experienced declines, contributing to the market’s downtrend. However, some stocks like VPBank (VPB) and Vietnam Rubber Group (VGR) saw gains, helping to offset losses.
Airlines stocks performed well, with Vietjet Aviation JSC (VJC) and Vietnam Airlines (HVN) recording gains. Additionally, small-cap stocks with high speculation attracted cash flow, causing many stocks to hit ceiling prices.
On the Hà Nội Exchange (HNX), the HNX-Index continued its rally streak for the eighth day, closing at 236.26 points. Foreign investors remained net sellers on both main exchanges, with net sales exceeding VNĐ932 billion.