Vietnam's main stock exchange loses 1.5% in market value in October

The combined capitalisation of stocks on the Ho Chi Minh Stock Exchange (HoSE) declined to ₫8.42 quadrillion at the end of October, down 1.5% from September, exchange figures showed. The market represented more than 95% of Vietnam's listed stock value.

HoSE counted 51 companies worth more than US$1 billion, two fewer than a month earlier. Three companies — LPBank Securities, Gelex Infrastructure and Power Generation Corporation 3 — dropped below the threshold, while Nam A Bank crossed above it. Vingroup, Vinhomes, Vietcombank and BIDV each had a valuation of at least US$10 billion.

Losses affected seven sector indices. Information technology led the declines with a 16% fall; energy dropped 8% and financials lost 3.5%. The three sectors that gained were healthcare, building materials and real estate, rising 4.6%, 3% and 1.85%, respectively.

October share turnover exceeded ₫343.25 trillion on volume of 14.78 billion shares. The daily average was 671.79 million shares, worth over ₫15.6 trillion. Compared with September, daily volume grew by more than 4%, although daily trading value decreased nearly 5%.

Foreign investors recorded net share sales of more than ₫23.7 trillion during October. Their combined buying and selling exceeded ₫98.79 trillion, or 14.39% of HoSE's overall turnover.

On October 30, the exchange's 766 securities comprised 407 stocks, three closed-end fund certificates, 21 exchange-traded fund certificates and 335 covered warrants. The aggregate listing value was ₫2.38 quadrillion across 240.25 billion units.