VN-Index Dips After FTSE Russell's Vietnam Upgrade Announcement
The VN-Index experienced a slight dip, closing at 1,683 points, following the FTSE Russell's announcement to upgrade Vietnam's stock market status. This decision, set to take effect in September 2026, initially sparked investor excitement, driving the index up by 15 points at opening. However, the stock market witnessed a mix of gains and losses throughout the day.
The real estate sector faced strong selling pressure, with DIG, PDR, and QCG each losing over 2%. Mid-cap stocks like KDH, NLG, and NVL saw mild corrections, while key Vingroup stocks VIC and VHM reversed from morning gains to losses of around 1.5%. Several banking stocks, including TCB, VIB, SHB, VPB, and HDB, fell below the reference level. In the securities sector, many stocks reversed gains by midday, with VIX, HCM, ORS, and VCI dropping by 0.3% to 1.5%. The trading value on the HoSE reached over VND16.5 trillion ($625.95 million) in the morning session, with large-cap stocks accounting for more than VND9 trillion. Notably, 166 stocks declined, outnumbering the 123 gainers during the morning session.
Despite the initial enthusiasm sparked by the FTSE Russell's announcement, the stock market closed with a nearly 2-point loss. The real estate and banking sectors experienced significant selling pressure, while mid-cap stocks saw mild corrections. As the market awaits the full impact of the upgrade, investors are advised to monitor key stocks and sectors closely.
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