Vietnamese Stock Market Trends: Navigating the Ups and Downs

The Vietnamese stock market opened in the red on Wednesday, with the VN-Index falling below its reference point for most of the day. Despite some gains in stocks like NVL and HVN, the overall trend was downward. The market saw a lot of selling pressure throughout the morning, affecting all industry groups except for oil and gas stocks.

In the afternoon, there was a slight improvement in VN-Index as some stocks like NVL, HVN, MWG, and VPB showed increased demand due to their individual stories. However, after the ATC session, the market faced more pressure to lower prices and closed down more than 13 points compared to Tuesday’s closing price.

On Wednesday, there were 381 declining stocks on the HoSE floor, three times more than increasing stocks. Industries like chemicals, securities, banking, construction, and materials recorded negative indexes. Despite this decline in investor confidence across various sectors, some stocks showed gains. HVN stood out as an exception by closing up 6.7%.

Market liquidity presented mixed results on Wednesday as total trading value increased on HoSE while foreign investors continued to net buy but at a decreased value compared to Tuesday’s trading volume. Experts suggest that global inflation risks and profit-taking by investors who had seen gains since the beginning of the year may be contributing factors to recent adjustments in VN-Index.

Investors are advised to monitor risks and adjust leverage levels while also balancing their portfolios between speculative stocks and stable ones that have proven resilience in times of market fluctuations. Overall