HCMC – Vietnam’s benchmark VN-Index dropped 42.53 points, or 2.52%, to 1,645.47 points on August 22, marking its sharpest fall in nearly a month as selling pressure hit bank and mid-cap stocks.
Trading volume on the Hochiminh Stock Exchange (HOSE) reached more than 2.29 billion shares worth VND62.3 trillion, up 33% in volume and 21% in value over the previous session. Block deals accounted for over 61 million shares valued at VND1.7 trillion.
Market breadth was negative, with 275 decliners, including 24 hitting the floor, and only 76 making gains.
Bank stocks, which had driven recent gains, reversed. VPB, GVR, and SHB plummeted to their floor prices, while others fell between 4% and 6%. SHB and HPG were the most actively traded stocks, with 166.2 million and 132.3 million shares changing hands, respectively.
Mid- and small-cap stocks in real estate, construction, and services also came under pressure, with tickers such as HHS, SCR, NHA, and DPG among the notable losers.
A few stocks gained despite the market downturn. VDS, DLG, GIL, TN1, and EVG surged to their ceiling prices, while POW, KBC, BMP, and MSB rose between 2% and 3%.
DSE, CDC, and NAB advanced over 4%, and HAR climbed 6.7% to VND6,070. BID and DGC added more than 2%, and VCB and VIB added nearly 1%.
On the Hanoi Stock Exchange, the HNX-Index plunged 11.91 points, or 4.19%, to 272.48 points, with 147 losers and 33 winners. Trading volume totaled over 204.5 million shares worth VND4.28 trillion.
