The index closed 1.60 points lower after dropping 5.26 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange decreased by 20% to VND13.298 trillion (US$532 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell.
SSB of SeABank went down 4.0%, PLX of fuel distributor Petrolimex closed 2.3% lower, GAS of state-owned Petrovietnam Gas slid 1.0%.
Nine blue chips gained. MWG of electronics retail chain Mobile World rose by 1.7%, SAB of brewer Sabeco saw a 1.2% increase, and VNM of dairy giant Vinamilk went up 1.0%.
Foreign investors were net seller to the tune of VND331 billion, mainly selling MWG and MSN of conglomerate Masan Group.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.30%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.22%.
Global stocks fell on Wednesday after gloomy results from European heavyweights LVMH and tech company ASML dented sentiment, Reuters reported.
Investors have grown increasingly likely to punish shares for earnings misses and Wednesday was no exception in Europe.
ASML, whose customers include TSMC and Samsung, on Tuesday delivered a gloomy sales forecast for 2025. Its shares fell by the most in nearly 30 years in late trading and sank another 5% early on Wednesday.
Meanwhile, shares in LVMH, considered a play on the Chinese consumer almost more than anything else, tumbled by the most in a year after reporting weaker than expected third-quarter sales.
With the optimism washing through markets over China’s recent stimulus measures, the results were not what investors wanted to see, leaving Paris’ CAC 40 down 0.6% and the STOXX 600 down 0.3%.
S&P 500 and Nasdaq futures, were flat, pointing to a more stable open on Wall Street later, after Tuesday’s declines in the major indices.
Comments are closed.