Many mid-cap shares hit the ceiling on July 30 afternoon, rescuing the VN-Index from another fall, but liquidity continued to slide as buying power in blue chips weakened.
Mid-cap shares buoy VN-Index as blue chips slump. (Photo: VNA)
Many mid-cap shares hit the ceiling on July 30 afternoon, rescuing the VN-Index from another fall, but liquidity continued to slide as buying power in blue chips weakened.
The VN-Index on the HCM Stock Exchange gained just 0.3 percent to finish the session at 626.57 points.
The advancers outnumbered the decliners by 111-92 while other 103 closed unchanged.
Money focused on speculative stocks that pushed up both prices and trading volumes of those shares.
Real estate Sao Mai Group (ASM), Quang Nam Rubber Investment (VHG), PetroVietnam Power Nhon Trach 2 (NT2), sugar producer Thanh Thanh Cong Tay Ninh (SBT) and Viet Nhat Medical Instrument (JVC) were among the top most active stocks with 1.5-4.7 million shares traded on each code. Their prices also soared between 3.4-6.8 percent by the end of the session.
Blue chips were mixed, however. While large-cap stocks such as Vinamilk (VNM), FPT Corp (FPT) and Kinh Do Corp (KDC) and Hoa Sen Group (HSG) extended their losses, some big banks began to recover, including Sacombank (STB), Vietinbank (CTG) and BIDV (BID).
The VN30, which tracks the top 30 shares by market value and liquidity, inched up just 0.08 percent to stand at 651.70 points.
Liquidity continued to slide on July 30 as both market volume and value decreased about 10 percent from the previous session, totalling nearly 103 million shares worth 1.86 trillion VND (85.3 million USD).
On the Hanoi Stock Exchange, the HNX-Index increased 0.82 percent to close at 85.80 points. The market breadth improved with 107 shares rising, 65 declining and 191 ending flat.
Trading also got worse here with the trading volume and value being down around 20 percent to reach nearly 36 million shares worth 414.3 billion VND (19 million USD).
Speculative stock FIT Investment Co (FIT) remained the most active on the trade of 5.3 million shares, climbing 4.24 percent to settle at 12,300 VND each.
Foreign trades also improved on July 30 as they returned as net buyers in the two markets, picking up combined shares worth nearly 34 billion VND (1.6 million USD).-VNA
Strong declines among blue chips on July 29 afternoon erased morning gains and dragged down the benchmark VN-Index by 1.07 percent to close the session at 624.70 points.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Mid-cap shares buoy VN-Index as blue chips slump. (Photo: VNA)
