The trading value on the Ho Chi Minh Stock Exchange (HoSE) on Friday plunged 36% from Thursday to nearly VND10.8 trillion ($460.6 million), the lowest in seven sessions.
The cash flow mainly went to banking, securities, steel and real estate stocks. SSI of Saigon Securities Inc. took the lead in liquidity with nearly VND560 billion ($23.9 million), followed by DIG of DIG Corp., VND of VNDirect Securities, STB of Sacombank, and HPG of steel makers Hoa Phat, with matching value ranging from VND400-450 billion ($19.19 million).
Weak demand made the VN-Index, which represents the HoSE, drop for the second session, losing 1.2 points, or 0.11%, to 1,069.71.
The major bourse saw nearly 646 million shares changing hands, with 159 gainers and 219 losers.
The VN30 index, which tracks the performance of 30 largest-cap stocks, gained 0.02 points to 1,078.88.
VCB of Vietcombank had the most negative impact on the VN-Index with a loss of 1.3%. Meanwhile, GVR of Vietnam Rubber Group, SSI and MSN of Masan Group, up 1-3%, became the most positive influencers on the market.
Securities tickers made an impressive performance with many hitting their ceiling prices, including APS of Asia-Pacific Securities, FTS of FPT Securities, and BSI of BIDV Securities.
Red covered stocks of steel and retail companies, while banking, real estate, energy, manufacturing and aviation groups saw a divergence.
Foreign investors continued to be net sellers on the HoSE to the tune of about VND150 billion ($6.4 million). They mainly net sold STB, KDH of Khang Dien Holding Corp., and KBC of Kinhbac City Development Holding Corp.
The HNX-Index on the Hanoi bourse inched up 0.17 points to 211.6, while the UpCOM-Index on the unlisted public company market decreased 0.18 points to 78.16.