It is noteworthy that the VN-Index made a notable recovery effort, attempting to return to the reference level of around 1,347 points. However, the attempt fell short, and the index closed in the red.
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The index could have lost even more ground if it weren’t for the intervention of some key stocks, notably bank stocks such as TCB, CTG, VPB, and BID. Additionally, stocks like VHM, GVR, GAS, KBC, PHR, and KDC also made efforts to salvage the situation.
Looking at the market map, the red color dominated with 404 codes in the negative territory, including 6 codes that hit the floor. On the other hand, there were only 221 codes in the green and 982 codes unchanged. The red color prevailed, and a few notable sectors that managed to stay afloat include food, securities, distribution, metals and mining, and to a slightly lesser extent, banking, real estate, and chemicals.
The total market value traded exceeded 8,474 billion VND, with over 7,642 billion VND on the HOSE alone. This figure is significantly lower than the average for the same period in the previous session and the recent period. Today also marked the expiration of derivatives contracts, giving investors another reason to stay on the sidelines.
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In this context, foreign transactions were not particularly active, but there was a significant imbalance between selling, which neared 1,078 billion VND, and buying, which totaled nearly 425 billion VND. This resulted in a net sell-off of nearly 653 billion VND. The main selling pressure in the morning session came from the FPT stock, with a scale of nearly 153 billion VND.
Pressure emerged as the VN-Index reached the 1,350 level and quickly corrected to 1,345.46 points by 10:25 am. The red color also appeared on the HN-Index and UPCoM-Index.
The number of declining codes surged to 360, including 3 floor codes. In contrast, there were 204 rising codes, and the remaining 1,049 codes remained unchanged.
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According to VS-SECTOR, 18 industries in the market recorded decreases, led by the energy industry, which fell by 1.67%. This was due to the decline of PVS by 2.23%, PVD by 1.87%, PVC by 4%, and so on. Two other industries also fell by more than 1%: household and personal products by 1.41% and telecommunications by 1.11%.
On the other hand, only 5 industries recorded increases, with real estate inching up by 0.24%. This was driven by the duo of VIC, which rose by 0.8%, and VHM, which climbed by 1.12%. Other stocks that contributed to this rise include CEO, up 2.87%; KBC, up 2.41%; and SZC, up 1.37%…
Apart from Vietnam, other Asian markets are also witnessing a sea of red, with notable indices like the All Ordinaries, Hang Seng, Nikkei 225, Shanghai Composite, and Singapore Straits Times in negative territory.
9:30 am: Blue-chip stocks make a difference
As of 9:30 am, a mixed picture emerged in the stock market, with the VN-Index up 2.7 points to 1,349.53, while the HNX-Index fell 0.05 points and the UPCoM-Index dropped 0.13 points. Market liquidity reached nearly 77 million shares, equivalent to a value of over 1,502 billion VND.
Looking at the market map, there was a balance with 212 codes in the green and 199 codes in the red, while the remaining 1,202 codes were unchanged. In this context, the positive performance of a number of key stock groups, notably the banking sector, which rose by 0.35%, made a significant difference and helped the VN-Index gain points.
In the top 10 stocks positively impacting the VN-Index, 6 were bank stocks, led by TCB with more than 0.8 points, followed by VCB, VPB, MBB, CTG, and HDB. The index was also boosted by other key stocks such as VHM, VPL, GEX, and GVR.
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Last night, as expected by the market, the Federal Open Market Committee (FOMC) kept the key interest rate unchanged in the range of 4.25 – 4.5%. This rate has been maintained since December.
Along with the interest rate decision, the FOMC projected two rate cuts for 2025, according to the dot plot. However, the Federal Reserve (Fed) removed one cut for both 2026 and 2027, bringing the total number of expected future rate cuts down to four, equivalent to a one percent decrease.
Fed Chairman Jerome Powell signaled that he would wait to see the impact of President Donald Trump’s tariff policies on inflation before making any interest rate moves.
This decision had an impact on the US stock market, with the Dow Jones closing down 44.14 points (equivalent to 0.10%) at 42,171.66 points, the S&P 500 losing 0.03% to 5,980.87 points, while the Nasdaq Composite advanced 0.13% to 19,546.27 points.
– 12:14 19/06/2025
The Cautious Market Ahead of Expiry: Foreigners Sell a Three-Week Record
The sea of red continues to spread in today’s morning session, attributed partly to the market’s inability to demonstrate a breakthrough surge and partly to the often-unpredictable futures expiration. Trading liquidity on the two exchanges plummeted by 22% compared to yesterday’s morning session, hitting an eight-day low.
Foreign Sell-Off: Where Did Over $12M in Outflows Hit Hardest on June 18th Session?
Foreign sell-offs were a dampener, with net sell-offs of 308 billion dong, ending a positive three-session buying streak.