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[BUSINESS] · Vietnam · 2 sources

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VN-Index reverses morning gains to close lower at 1,827 points

The VN-Index experienced significant volatility, failing to maintain early gains and facing pressure near key resistance levels. After an initial surge where the index rose by 17 points and approached the 1,850 mark, selling pressure intensified, causing the index to reverse course and close in the red.

By the end of the session, the VN-Index fell by 3.32 points, or 0.18%, to close at 1,827 points. This reversal wiped out the morning's gains and left investors facing a less positive closing position. The market showed strong divergence among large-cap stocks; while some banking and industrial stocks like VCB, TCB, and HPG saw gains, others such as VHM and various securities stocks faced declines.

Technical analysts are now closely monitoring the 1,800–1,820 support zone. A failure to hold this level amid high liquidity could signal a deeper correction. The banking sector remains a critical driver for market recovery, with recent trends showing a slight easing of interbank liquidity as the State Bank of Vietnam has engaged in net injections.

Entities

State Bank of Vietnam