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On Friday alone VND42.21 trillion worth of stocks were traded, a new single-day record on the Ho Chi Minh Stock Exchange, Vietnam’s main bourse.
It exceeded the previous peak on Thursday, VND39.6 trillion, when the market plunged steepest in history after U.S. President Donald Trump announced import tariffs on all trading partners, a move which rocked global markets due to concerns of a trade war.
VN-Index Friday closed 19 points lower after dropping 88 points in the previous session.
The VN-30 basket, comprising the 30 largest capped stocks, saw 21 tickers fell.
Three tickers hit floor prices with a 7% drop: BCM of Becamex Investment and Industrial Development, BVH of insurance company Bao Viet Holdings and GVR of Vietnam Rubber Group.
Other tickers with large decreases were GAS of state-owned Petrovietnam Gas (down 6.1%) and MSN of conglomerate Masan Group (down 5.5%).
Nine blue chips managed to buck the trend, led by LPB of Fortune Vietnam Bank with a maximum gain of 7%.
VIC of private conglomerate Vingroup recovered with a 3.7% gain, followed by VNM of dairy giant Vinamilk, up 3.5%.
Foreign investors continued to be net sellers to the tune of VND2.82 trillion.
They mainly net sold FPT of tech giant FPT Corporation and ACB of Asia Commercial Bank.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.80%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.61%.
