The VN-Index closed at 1,645.47 on 22 August, down 42.53 points or 2.52 percent, Friday, according to the latest data from the Ho Chi Minh City Stock Exchange → view source.
Losses were broad-based, with the VN30 down 3.25 percent and VNMidcap off 2.27 percent
The VNAllshare fell 3.09 percent, while the VNFinLead index led declines, dropping 4.59 percent.
Market activity
Total trading value reached VND 62.77 trillion (US$2.41 billion), with order matching accounting for VND 61.10 trillion.
Heavy turnover was seen in banking and steel stocks, with SHB, HPG, TPB, VPB, and MBB topping volumes.
Foreign trading
Foreign investors sold aggressively, offloading VND 6.07 trillion (US$233.4 million) worth of shares while buying VND 4.68 trillion (US$180.3 million).
This left a net sell position of VND 1.38 trillion (US$53.1 million).
Top traded foreign names included HPG, MBB, SHB, VPB, and NVL, with net buys concentrated in MBB, VIX, PDR, MWG, and HPG.
Sector performance
Financials were hardest hit, with the VNFin index sliding 3.93 percent and VNFinLead down nearly 4.6 percent.
Materials also fell sharply, with the VNMat index losing 3.82 percent.
Consumer and industrial stocks posted declines of 2–3 percent. Utilities held nearly flat, dipping just 0.11 percent.
Corporate events
NAV will trade ex-dividend on 8 September for an 8 percent interim cash payout. MIG will go ex-dividend on 15 September, paying a 5 percent cash dividend and issuing a 5-for-100 stock dividend.
See also: Explainer: What’s Driving Vietnam’s Stock Market Rally?