An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index fell 0.29% to 1,242.53 points Wednesday while global stocks rose.
The index closed 3.56 points lower after dropping 3.46 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 5% to VND12.031 trillion (US$477.5 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers fell.
HDB of lender HDBank saw the biggest decline of 2.9%, followed by BVH of insurance company Bao Viet Holdings with a 2.5% drop and BCM of Becamex Investment and Industrial Development, down 1.9%.
Three blue chips gained, including SSB of SeABank with a 1.6% increase, STB of Ho Chi Minh City-based lender Sacombank with a 0.8% rise, and SAB of brewer Sabeco, which closed 0.2% higher.
Foreign investors were net seller to the tune of VND249 billion, mainly selling FPT of IT giant FPT Corporation and FRT of FPT Digital Retail.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.45%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.23%.
Global stocks rose on Wednesday as a flurry of new policies from U.S. President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows, Reuters reported.
Netflix shares surged 14% in after-hours trading as the streaming giant added a record number of subscribers last quarter, enabling it to increase prices for most service plans in the United States and other countries.
That helped lift Nasdaq futures 0.7% in Asia. S&P 500 futures also rose 0.3%.
Japan’s Nikkei jumped 1.6%, tracking broad gains on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan, however, fell 0.1% as drops in Chinese and Hong Kong stocks offset broad gains elsewhere.
Chinese blue chips fell 1% and the Hong Kong’s Hang Seng index lost 1.6%
