VN-Index fell nearly 17 points.

VTV.vn - The Vietnamese stock market faced downward pressure on June 29th as the real estate sector weakened.

VN-Index fell nearly 17 points, banking and energy stocks continued to attract investment - Photo: Government Newspaper

The Vietnamese stock market faced downward pressure on June 29th as the real estate sector weakened, dragging the VN-Index down nearly 17 points, despite positive trading in many sectors such as banking, energy, and industry.

Following an initial correction at the start of the session, the market showed no significant recovery momentum. The VN-Index mostly traded below the reference level and widened its decline towards the end of the session as selling pressure increased on large-cap stocks.

At the close of trading on June 29, the VN-Index fell 16.94 points to 1,854.97 points. On the HOSE exchange, there were 192 gainers, 134 losers, and 50 unchanged stocks.

Liquidity continued to improve compared to previous sessions. Total trading volume reached nearly 600 million shares; of which, matched orders accounted for over 444.8 million units and negotiated transactions for over 155.1 million units. The total market trading value reached VND 17,396 billion.

Despite the overall index decline, capital flows remained strong across many sectors. The financial sector led in trading value with nearly 6,100 billion VND and a 0.98% increase. In addition, the industrial sector rose 0.99%, energy 1.11%, basic materials 0.83%, essential consumer goods 0.55%, and technology 0.32%.

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The market's focus continues to be on the banking sector, with positive developments following the State Bank of Vietnam's issuance of Circular 25/2026/TT-NHNN, raising the maximum ratio of short-term funds used for medium and long-term lending from 30% to 40%, effective from July 1, 2026.

Many bank stocks recorded gains of over 1%, such as MBB up 1.41%, TCB up 1.2%,ACB up 1.33%, VPB up 1.12%, TPB up 1.55%. CTG also increased by 0.89%.

Notably, VIB continued to be a bright spot, rising 2.48% and leading the market in liquidity with over 21 million shares traded. Conversely, some bank stocks corrected, such as OCB down 1.18% andSHB down slightly 0.37%.

The energy sector also saw positive trading activity, with many stocks experiencing significant price increases. PVD rose 3.32%, PVS 2.67%, PVC 2.38%, PLX 1.22%, and BSR 0.62%.

In the industrial sector, capital continued to flow into infrastructure and construction stocks. Many stocks saw strong gains, such as VCG (up 6.89%), HHV (up 4.04%), LCG (up 3.35%), PC1 (up 3.26%), CII (up 2.35%), and PVT (up 2.05%).

Conversely, the real estate sector exerted the greatest pressure on the market, falling 3.5% and causing the VN-Index to lose nearly 6 points. This was mainly due to the correction in large-cap stocks belonging to the "Vin group," with VIC falling 4.74%, VHM down 3.65%, and VRE down 2.67%.

However, not the entire real estate sector was under selling pressure. Some stocks maintained their gains, such as DIG (up 2.02%), DXG (up 1.2%), CEO (up 1.36%), and TCH (up 1.05%). Notably, IDJ surged 10% and VHG (up 11.76%). Besides real estate, the telecommunications sector also put pressure on the index, with VGI (down 0.57%), FOX (down 1.2%), and SAM (down 1.49%).

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Foreign investor activity remained a negative factor, with net selling exceeding 787 billion VND on the HOSE. Selling pressure was mainly concentrated on VHM, VIC, FPT, and MBB. On the buying side, foreign capital flowed into stocks such as MWG, VCB, HPG, and SHB.

Overall, the June 29th session showed a clear divergence in the market: Money continued to flow into the banking, energy, and industrial sectors, but correction pressure on large-cap stocks, especially in the real estate sector, prevented the VN-Index from maintaining its upward momentum.

Source: https://vtv.vn/vn-index-giam-gan-17-diem-100260629181414721.htm