Vietnamese equities experience their most extended decline in seven years.
Vnexpress
Activity on the Ho Chi Minh Stock Exchange surged by 34% to VND33.7 trillion (US$1.29 billion).
The VN-30 basket, which includes the 30 largest market capitalizations, experienced 16 declines, with VIC from the private conglomerate Vingroup reaching its lowest allowable price.
VRE from the retail real estate sector, Vincom Retail, fell by 5.8%, while VHM from the property giant Vinhomes closed 5.7% down.
Eleven blue-chip stocks advanced. MSN from the Masan Group climbed 3.7%, FPT from FPT Corporation rose by 2.4%, and GAS from state-owned Petrovietnam Gas recorded a 2.3% increase.
Foreign investors were net sellers, offloading VND1.78 trillion, primarily selling shares of HDB from HDBank and ACB from Asia Commercial Bank.
The HNX-Index, which represents stocks on the Hanoi Stock Exchange with mid and small caps, decreased by 0.15%, while the UPCoM-Index for Unlisted Public Companies increased by 0.62%.