HCMC – Vietnam’s benchmark VN-Index closed lower on Thursday as trading value fell to a 14-month low, signaling cautious investor sentiment despite strong gains in industrial park stocks.
The VN-Index of the Hochiminh Stock Exchange (HOSE) closed at 1,798.6 points today, June 11, down more than 5 points from the previous session, with 178 stocks falling and 118 advancing.
Total trading volume reached more than 410.7 million shares, with a value of VND10.132 trillion, down 34.3% in volume and 48.8% in value from the previous session. Block trades accounted for more than 33.9 million shares worth VND827.8 billion.
More than half of the market’s liquidity was concentrated in the VN30 basket, while trading in mid- and small-cap stocks remained subdued.
The VN30 basket added pressure to the market, ending the session down more than 13 points, with 19 decliners and only eight gainers.
Among the gainers, industrial park developer GVR rebounded strongly, rising 4.3% to 35,400 dong per share. Brewer SAB gained 2.2%, while lender STB advanced 1%. On the downside, airline VJC was the biggest loser in the basket, falling 2.5%.
Retailer MWG and property developer VRE each dropped 1.7%, while VHM lost 1.6%, technology firm FPT fell 1.5%, and HPG and MSN both declined 1.3%.
Industrial park stocks outperformed the broader market. Besides GVR, KBC reversed earlier losses to surge 6% and close at a session high of VND31,000, with trading volume reaching 4.8 million shares.
Other gainers in the sector included SZC, up 4.2%, and SIP, up 2%, while BCM and PHR each added 0.9%.
Lender SHB fell 1.1% and was the market’s most actively traded stock, with nearly 38 million shares changing hands.
On the Hanoi Stock Exchange, 57 stocks advanced while 67 declined, sending the HNX-Index down 1.06 points, or 0.35%, to close at 300.09 points. Matched transactions totaled 50.3 million shares worth VND890 billion.
