HCMC – Vietnam’s benchmark VN-Index fell sharply on Wednesday, losing 17.45 points, or 1.42%, to close at 1,210.3 points.
Decliners on the Hochiminh Stock Exchange (HOSE) more than doubled gainers, at 319 to 153.
Market liquidity also dropped significantly. Trading volume dropped 23.5% to 818.9 million shares, while total value dipped 19.6% to VND19.47 trillion. Of this, block deals accounted for 56.6 million shares worth nearly VND1.44 trillion.
Shares of tech conglomerate FPT tumbled after its 2025 annual general meeting on April 15, where its 2025-27 strategic roadmap was discussed. The stock was offloaded, with net foreign outflows exceeding 4.5 million shares. FPT ended at its floor price of VND107,900 at the close, with more than 18 million shares changing hands.
In the industrial real estate segment, KBC plunged to its floor price of VND20,600. Other key players such as BCM and GVR also lost ground, down 5.31% and 3.69%, respectively.
Steel stocks displayed a mixed performance. SMC hit its ceiling price at VND7,470, while TLH and TNI posted modest gains. Other tickers like DTL and NKG closed unchanged, while leading players HSG and HPG declined 3.21% and 1.35%, respectively.
SHB took the lead by liquidity, with 44.58 million shares traded, followed by VIX with 30.5 million, HPG with 25.7 million, and MBB and KBC each with over 21 million shares.
On the Hanoi Stock Exchange, the HNX-Index edged down 0.83 points, or 0.4%, at 209.41 points, with 69 gainers and 101 decliners. Trading volume reached 70 million shares worth VND1.09 trillion.
