Vietnam Stocks Fall Broadly in Afternoon Trading; VN-Index Drops 0.7%

Selling pressure intensified in Vietnam’s stock market on the afternoon of November 12. The VN-Index closed down 0.7%, and the VN30 Index fell 0.85%. On the Ho Chi Minh Stock Exchange, 102 stocks closed higher and 203 lower, with 110 losing more than 1%; 67 stocks had fallen more than 1% in the morning.

The VN-Index has yet to regain its upward momentum.（VietVance）

Large-cap stocks weakened in the afternoon. Among VN30 constituents, 25 fell further from their morning levels and only three improved. At the close, four were higher and 22 lower, with 11 down more than 1%. BID, VPB, MBB, HPG, GAS and TCB fell 1.08%, 1.79%, 1.03%, 1.41%, 1.61% and 1.37%, respectively. Afternoon trading value for VN30 constituents rose nearly 46% from the morning.

The decline extended to other actively traded stocks. On the Ho Chi Minh Stock Exchange, 35 stocks recorded matched trading value of at least VND 100 billion each, but only nine rose. These 35 stocks accounted for about 74% of the exchange’s total matched trading value. Afternoon trading value for stocks outside the VN30 also increased more than 46% from the morning.

Declining stocks predominated among the day’s most actively traded shares.（VietVance）

A few stocks rose against the trend. PNJ gained 2.75% on matched trading value of VND 136.6 billion, while CTD rose 3.52% on trading value of VND 106.8 billion. Although market trading value increased more than 41% in the afternoon from the morning, full-day matched trading value was just VND 10.347 trillion, or VND 15.138 trillion including negotiated trades.

Source: VietVance