Shares declined further on October 17 afternoon as large-cap stocks lost steam under increased profit-taking pressure. Money was more focused on low value shares.
Shares declined further yesterday afternoon as large-cap stocks lost steam under increased profit-taking pressure (Photo: VNA)
Hanoi (VNA)ꩵ - Shares declined further on October 17 afternoon as large-cap stocks lost steam under increased profit-taking pressure. Money was more focused on low value shares.
The VN-Index, the measure of 314 stocks on the HCM Stock Exchange, decreased for the first time in the last five trades, down 0.9 percent to close at 981 points. It rallied 1.9 percent in the last four trading days.
On the Hanoi Stock Exchange, the HNX-Index tracking 378 stocks was down 0.6 percent after a three-day rise, ending the session at 85 points.
Many large companies tumbled yesterday following strong gains last week, including the highest valued stocks such as dairy giant Vinamilk (VNM), Bao Viet Holdings (BVH), Vietcombank (VCB), private equity firm Masan Group (MSN), software producer FPT Corp (FPT), and PV Gas (GAS).
Insurer Bao Viet Holdings was the biggest loser with a drop of 6.3 percent. Others fell between 1 and 3 percent.
Traders focused on low-valued stocks such as real estate developers FLC Group (FLC) and Sacomreal (SCR), agricultural business Hoang Anh Gia Lai Company (HAG), furniture maker Duc Long Gia Lai Group (DLG), PetroVietnam Construction (PVX), Quang Nam Rubber Investment JSC (VHG), and Sai Gon-Hanoi Bank (SHB).
These stocks were the most active codes on the two exchanges.
According to analysts at Investment Vietnam Securities Co, some of these shares have climbed 30-50 percent in the past month and come into the overbought zone. They forecast they would soon face downward correction in the coming sessions and money would flow back to large-cap stocks.
“With positive information, such as lending rates declining and companies soon disclosing their third-quarter earnings results, we think blue chips will rise again and this will help lift the benchmark VN-Index to 700 points,” they wrote in a report.
Liquidity decreased with over 154 million shares, worth a combined 2.2 trillion VND (99 million USD), traded in the two markets, down 25 percent in both volume and value compared to the October 14 levels.
Foreign investors returned to be net sellers on October 17 after a strong buying session on the previous session. They offloaded shares worth a net value of over 72 billion VND on the two exchanges.-VNA
The benchmark VN Index on the HCM Stock Exchange struggled to remain upbeat on October 12 as energy producers lost momentum after crude prices declined on the previous day.
The local securities market is expected to further expand in the last months of the year after two trading regulations are put into practice in November.
Shares rose further on October 13 as investors remained confident in companies with prospects of better performances in the third quarter of this year.
Vietnam will officially launch the VNX Allshare Index on October 24, combining the two existing local exchanges to boost foreign investment in the stock market.
Vietnamese shares advanced slightly on October 14 after a volatile trading week, driven by investor expectations of positive third-quarter earnings reports.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Shares declined further yesterday afternoon as large-cap stocks lost steam under increased profit-taking pressure (Photo: VNA)
