VN-Index posts biggest drop in nearly a month

By Minh Hieu March 5, 2025 | 01:44 am PT

An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index fell 0.55% to 1,304.71 points Wednesday in its worst session in nearly a month.

The index closed 7.20 points lower after gaining 2.54 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 4% to VND22.215 trillion (US$871.3 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers dropped.

PLX of fuel distributor Petrolimex slipped 1.7%, GVR of Vietnam Rubber Group closed 1.5% lower, and MSN of conglomerate Masan Group was down 1.3%.

Seven blue chips gained. VHM of property giant Vinhomes rose 1.5%, LPB of Fortune Vietnam Bank went up 0.8%, and VIC of private conglomerate Vingroup saw a 0.7% increase.

Foreign investors were net seller to the tune of VND352 billion, mainly selling VIB of Vietnam International Commercial Bank and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.82%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.44%.