Stocks tumble, ending recovery streak

By Dat Nguyen April 15, 2025 | 01:46 am PT

An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/An Khuong

Vietnam's benchmark VN-Index fell 1.10% to 1,227.79 points Tuesday after three consecutive sessions in the green.

The index closed 13.6 points lower after gaining 19 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange was steady at VND24.2 trillion (US$936 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers fell.

GVR of Vietnam Rubber Group plunged 6.9%, followed by BCM of Becamex Investment and Industrial Development with a 6.6% drop.

PLX of fuel distributor Petrolimex lost 3.6% while SSI of brokerage SSI Securities Corporation closed 3.3% lower.

Six blue chips bucked the trend, led by HPG of steelmaker Hoa Phat Group with a 2% gain.

STB of Ho Chi Minh City-based lender Sacombank rose 1.7% and VIC of private conglomerate Vingroup increased by 1.3%.

Foreign investors were net buyers to the tune of VND217 billion.

They mainly net bought HPG and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 2.21%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.80%.