HCMC bourse trading value hits 27-month low

By Huong Dung
Fri, February 24, 2023 | 5:12 pm GMT+7

Trading value on the Ho Chi Minh Stock Exchange (HoSE) hit only VND6.54 trillion ($274.96 million) on Friday, down 45% from the previous session and the lowest level since mid-November 2020.

The VN-Index, which tracks the performance of the HoSE, dropped 14.1 points, or 1.34%, to 1,039.56, with up to 311 losers and only 98 gainers.

The major index closed the trading week of February 20-24 with four out of five sessions declining, completely erasing the achievement of the week-opening session rally. It lost nearly 20 points or 1.86% compared to the previous week.

The VN-Index dropped 14.1 points to 1,039.56 on February 24, 2023. Photo courtersy of CafeF.

The VN-Index dropped 14.1 points to 1,039.56 on February 24, 2023. Photo courtersy of CafeF.

Blue chips had the most negative impact on the market as the VN30 index, which features 30 largest-cap stocks, plunged 20.53 points, or 1.95%, to 1,030.42.

Among the 26 losers, SSI of Saigon Securities, NVL of real estate developer Novaland, HPG of steel giant Hoa Phat, PDR of Phat Dat Real Estate Development Corp, ACB of Asia Commercial Bank, and HDB of HDBank suffer a decline of over 3%.

VHM of Vinhomes went down 2.4%, BID of BIDV bank 2.1%, VIC of Vingroup 0.2%, and CTG of VietinBank 2.6%.

The securities stocks experienced a sharp fall of 3.33%, with VND of VNDirect, SHS of Saigon-Hanoi Securities, SSI of Saigon Securities, HCM of Ho Chi Minh City Securities, and VCI of Viet Capital Securities losing 3.2-5%.

Red also overwhelmed the groups of banking, steel, construction and real estate.

Meanwhile, the aviation, construction material and water groups made impressions with many tickers gaining like HVN of national flag carrier Vietnam Airlines (5.3%), NCS of Noi Bai Catering Services JSC (4.1%), VLB of Bien Hoa Building Materials Production and Construction JSC (5%), and DNW of Dong Nai Water JSC (5.7%).

Foreign investors continued to be net sellers to the eighth consecutive session to the tune of over VND219 billion ($9.2 million) on the HoSE, nearly one third of the previous session’s figure.

They mainly net sold VHM, VIC, DGC of Duc Giang Chemicals Corp, DCM of Petrovietnam Ca Mau Fertilizer JSC, and VNM of Vinamilk.

The HNX-Index on the Hanoi bourse dropped 1.99 points to 207.32, while the UpCOM-Index on the unlisted public company market lost 0.67 points to close at 76.73.

Comments (0)
  • Read More
Lego Manufacturing Vietnam signs direct power purchase agreement with VSIP

Lego Manufacturing Vietnam signs direct power purchase agreement with VSIP

Lego Manufacturing Vietnam has signed a Direct Power Purchase Agreement (DPPA) with Vietnam-Singapore Industrial Park (VSIP) as part of the company's ambition to operate its new factory, which opened in April 2025, on 100% renewable energy.

Industries - Thu, September 18, 2025 | 4:07 pm GMT+7

Con Vanh golf course in northern Vietnam to debut in 2028

Con Vanh golf course in northern Vietnam to debut in 2028

Huy Hoang Urban Development and Investment JSC aims to put its VND2,156 billion ($81.75 million) Con Vanh golf course project in Hung Yen province into operation in early 2028.

Real Estate - Thu, September 18, 2025 | 3:21 pm GMT+7

No new grade B office supply in HCMC’s CBD until 2028: Knight Frank

No new grade B office supply in HCMC’s CBD until 2028: Knight Frank

No new Grade B office supply is entering Ho Chi Minh City's central business district (CBD), marking a significant shift in the market as developers are forced to build affordable office space further afield, said Knight Frank Vietnam.

Real Estate - Thu, September 18, 2025 | 1:42 pm GMT+7

What are expectations for Vietnam's stock market from Fed rate cut?

What are expectations for Vietnam's stock market from Fed rate cut?

The Federal Reserve's interest rate cut is expected to support Vietnam's effort to have its stock market status upgraded by FTSE Russell from "frontier" to "secondary emerging" and attract foreign capital after the strong net selling momentum in recent times.

Economy - Thu, September 18, 2025 | 12:33 pm GMT+7

UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026

UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026

Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.

Economy - Thu, September 18, 2025 | 9:07 am GMT+7

Agribank - A Strategic gateway for Vietnam’s carbon credits to global market

Agribank - A Strategic gateway for Vietnam’s carbon credits to global market

Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.

Companies - Thu, September 18, 2025 | 9:05 am GMT+7

Care For Vietnam joins ASEAN forum, signs MoU in New Zealand

Care For Vietnam joins ASEAN forum, signs MoU in New Zealand

Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.

Companies - Thu, September 18, 2025 | 9:00 am GMT+7

Digital technology transforms Vietnam’s food industry

Digital technology transforms Vietnam’s food industry

Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.

Companies - Thu, September 18, 2025 | 8:16 am GMT+7

VPBank issues Vietnam’s first international sustainable bonds

VPBank issues Vietnam’s first international sustainable bonds

VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.

Companies - Wed, September 17, 2025 | 10:24 pm GMT+7

Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years

Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years

Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.

Companies - Wed, September 17, 2025 | 10:16 pm GMT+7

First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker

First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker

Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.

Economy - Wed, September 17, 2025 | 4:16 pm GMT+7

Vietnam Education Publishing House faces challenges in curbing fake textbooks

Vietnam Education Publishing House faces challenges in curbing fake textbooks

The Vietnam Education Publishing House (VEPH) is encountering a range of difficulties in fighting counterfeit textbooks as the situation is becoming increasingly sophisticated and complex.

Companies - Wed, September 17, 2025 | 3:54 pm GMT+7

Vietnam Airlines the largest holding in gov’t investment arm SCIC’s portfolio

Vietnam Airlines the largest holding in gov’t investment arm SCIC’s portfolio

National flag carrier Vietnam Airlines has overtaken Vinamilk and Sabeco to become the largest holding in State Capital Investment Corporation's (SCIC) stock portfolio following the latest capital funding.

Finance - Wed, September 17, 2025 | 3:20 pm GMT+7

Hoa Phat Agriculture submits documents for IPO

Hoa Phat Agriculture submits documents for IPO

Hoa Phat Agriculture Development JSC, a subsidiary of Hoa Phat Group, on Tuesday submitted documents for an IPO of its shares as early as December 2025.

Companies - Wed, September 17, 2025 | 3:03 pm GMT+7

Petrovietnam affirms plan to build eco-energy and industrial center in southern Vietnam

Petrovietnam affirms plan to build eco-energy and industrial center in southern Vietnam

Petrovietnam plans to develop an eco-energy and industrial center project in Can Tho city, the "heart" of the Mekong Delta, its representatives stated on Monday.

Energy - Wed, September 17, 2025 | 11:49 am GMT+7

Thailand - one of Southeast Asia’s fastest-growing markets for AI

Thailand - one of Southeast Asia’s fastest-growing markets for AI

Thailand has emerged as one of Southeast Asia’s fastest-growing markets for artificial intelligence (AI), with OpenAI reporting that weekly active users of ChatGPT in the country have quadrupled over the past year.

Southeast Asia - Wed, September 17, 2025 | 10:40 am GMT+7