HCMC — Vietnam’s benchmark VN-Index on Friday, November 7, fell below the key 1,600-point support level as blue-chip stocks came under strong selling pressure.
The VN-Index lost 43.54 points, or 2.65%, to close at 1,599.10. Decliners far outnumbered gainers on the Hochiminh Stock Exchange, with 270 stocks down and 59 others up.
Stock trade rose to 846.8 million shares worth VND24.59 trillion, up 45% in volume and 38% in value from the previous session. Block deals accounted for 28.6 million shares valued at VND852.8 billion.
For the week, the index dropped 40.55 points, or 2.47%.
Large-cap stocks drove the market lower. Only GAS gained 1.3% and FPT added 0.8%. VHM fell to its floor price of VND92,000, while STB slid 6.8% to VND48,350. MWG dropped 4.7%, LPB lost 4.3%, and CTG declined 4.1%. Other major losers were down between 2% and nearly 4%.
SHB, HPG, and SSI recorded the highest liquidity, with 36.6 million to 84.7 million shares traded.
Mid- and small-cap stocks also fell. CTD plunged to its floor price of VND84,700, and VIX lost 6.7% to VND24,500. Many other notable tickers decreased more than 5%. VIX posted a matching volume of over 32.2 million shares, the second-highest after leading blue chips.
On the Hanoi Stock Exchange, selling pressure increased late in the session. The HNX-Index ended at 266.11 points, down by 6.04 points, or 2.27%, with 118 decliners and 37 gainers. Trading volume reached 92.7 million shares valued at VND2.31 trillion.
