Vietnam Stocks End Month Mixed; Real Estate, Software Slump
Stock markets in Vietnam ended the month on a mixed note, with the VN-Index and HNX-Index closing in the red, while the VN30-Index managed a slight increase. The real estate and software sectors faced heavy selling pressure, while the banking and securities sectors showed signs of recovery.
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) slipped by 4.78 points, or 0.29 per cent, to 1,661.70 points, weighed down by rising selling forces and a withdrawal from foreign investors. The real estate sector bore the brunt of the selling, with stocks like Dat Xanh Group (DXG), DIC Group (DIG), Kinh Bac City Development Holding Corporation (KBC), and Novaland (NVL) plummeting. The software and services sector also suffered, dropping by 2.48 per cent.
Meanwhile, the HNX-Index on the Hanoi Stock Exchange closed down 1.99 points, or 0.72 per cent, at 273.16 points. The banking sector leaned toward positive territory, with notable gains from LPBank (LPB) and Eximbank (EIB). In the securities sector, MB Securities JSC (MBS), SSI Securities Corporation (SSI), and VNDirect Securities Company also showed notable gains. Despite these gains, the financial sector's recovery was not enough to offset the losses from other sectors. FPT Corporation (FPT), which contributed nearly one point to the index's loss, was down over 2.6 per cent. The CEO of FPT Corporation, Nguyen Van Khoa, recently emphasized the company's long-term focus on AI innovation at the Leaders Forum 2025 in Ho Chi Minh City.
The Vietnamese stock market ended the month on a mixed note, with the VN-Index and HNX-Index closing in the red due to heavy selling in the real estate and software sectors. While the banking and securities sectors showed signs of recovery, it was not enough to offset the losses from other sectors. Investors will be watching to see if these trends continue into the new month.
