The index closed 7.19 points lower after dropping 1.53 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 11% to VND13.911 trillion (US$549.8 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers fell.
VHM of property giant Vinhomes saw the biggest decline of 3.4%, followed by CTG of state-owned lender VietinBank with a 1.7% drop and VIC of private conglomerate Vingroup, down 1.6%
Four blue chips gained. BVH of insurance company Bao Viet Holdings went up 2.9%, FPT of IT giant FPT Corporation rose by 0.5%, and VJC of budget airline Vietjet closed 0.3% higher.
Foreign investors were net seller to the tune of VND1.161 trillion, mainly selling CMG of tech firm CMC Corporation and VHM.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.27%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.18%.
Globally, Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close, Reuters reported.
Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the Federal Reserve’s message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump.
An MSCI gauge of Asia-Pacific stocks was up 0.33%, after earlier rising as much as 0.78%.
The index remained on track for a 2.7% rally this week, after quickly recovering from a knee-jerk dip on U.S. election night, which spurred worries of debilitating trade tariffs, not least in China.
Japan’s Nikkei added 0.6%, up 4.1% for the week.
Global stocks, led by Wall Street, are on course for a 3.3% weekly advance, and stand at a record high.
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