HCMC – The VN-Index extended its decline today, August 25, closing at 1,614.03 points after shedding nearly 32 points, marking the second sharp drop in a row.
On the Hochiminh Stock Exchange, 100 stocks rose while 233 others tumbled, including 16 that hit the floor. The benchmark index fell 31.44 points, or 1.91%.
Trading volume reached over 1.52 billion shares worth VND42.27 trillion, down 33.6% in volume and 32.15% in value over the previous session. Block deals contributed nearly 59 million shares valued at about VND1.6 trillion.
Bank stocks continued to weigh heavily on the market. Among the 10 stocks with the biggest impact on the index, nine were banks, driving the VN-Index down by over 20 points in total. VIB and TPB plummeted to their floor prices, while VPB and SSB dropped more than 6%. ACB, SHB, and BID each lost over 5%.
Trading in bank stocks was particularly active, with SHB and VPB recording 113.2 million and nearly 68 million shares traded, respectively. TPB saw 59.5 million shares change hands before closing at the floor price of VND20,100. SHB was the most actively traded stock on the market.
VIC bucked the trend as it rose 5.6% to VND131,000, contributing nearly seven points to the VN-Index. Other blue-chip gainers included SSI, up 2.5%, VJC up 1.8%, GAS up 1%, and VHM up 0.3%.
Mid-cap stock HAG also drew strong attention. Despite selling pressure, strong domestic and foreign demand helped it soar to the ceiling price of VND17,200 with more than 43.3 million shares traded. Foreign investors net-bought nearly 3.5 million HAG shares.
Most sectors ended in the red, with banks leading the losses. The energy sector followed, with broad declines. BSR plunged to its floor price for the second straight session, closing at VND25,950. Nearly 26.4 million BSR shares changed hands, with foreign investors net-buying 1.7 million.
The securities sector also came under heavy selling pressure though SSI managed to edge up 2.5% to VND36,650 with 69.35 million shares traded, second only to SHB in liquidity.
Only three sectors—personal and household products, insurance, and real estate—closed in positive territory, each up over 1%. Gains in real estate were led mainly by VIC, with minor increases in DXG, VHM, NVL, DXS, and SCR.
On the Hanoi Stock Exchange, blue-chip pressure pushed the HNX-Index down 11.91 points, or 4.19%, to 272.48 points. The exchange recorded 69 winners and 100 losers, with over 121.8 million shares traded worth VND2.75 trillion.
