Vietnam’s stock markets closed lower on Friday, capping a topsy-turvy week marked by sharp swings, profit-taking and uneven investor sentiment.
The VN-Index finished the week at 1,870.79, down 0.63% on the day, while the VN30-Index, tracking the largest blue-chips, slipped 0.22% to 2,077.76. Both indices spent much of the week oscillating between gains and losses, reflecting a tug-of-war between bargain hunting and caution after recent rallies.
Trading volumes remained relatively elevated, suggesting active repositioning rather than a broad retreat from equities. However, market breadth was weak on Friday, with decliners significantly outnumbering advancers, a sign that selling pressure broadened late in the week.
The pullback was more pronounced outside HoSE’s heavyweight names. On the northern exchange, HNX indices fell more than 2%, while the UPCoM market edged slightly lower, underlining a cautious tone among retail-heavy segments.
Despite the choppiness, both the VN-Index and VN30 remain well above their December lows, and recent consolidation may be viewed by some investors as a pause rather than a reversal. Still, near-term direction looks dependent on whether liquidity holds up and whether blue-chips can reassert leadership after an indecisive week.
Next week looks set to test whether this pullback is just a breather, or the start of something more unsettled.
