Profit-taking pressure emerged across the board, particularly in banking and technology stocks, causing the VN-Index to retreat slightly to 1,301.39 points — a nearly 12-point in Friday''s session.
Despite strong resistance and uncertain outcomes from the tarriff talks, analysts expect the VN-Index to consolidate in the short term before attempting to break the 1,280-point level and approach the psychological threshold of 1,300.
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed the day at 1,269.93 points, down 0.67 points, or 0.05 per cent, extending its losing streak to a fourth consecutive day.
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) finished the day at 1,245.06 points, down 1.54 points, or 0.12 per cent as the VN-Index broke a two-day gaining streak.
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index extended losses to close the trading day at 1,279.82 points, down 0.93 points, or 0.07 per cent.
The market received a boost from positive socio-economic data, including a GDP growth rate of 6.93 per cent in the second quarter of 2024. This back has supported market sentiment and contributed to the week''s gains.
The market capitalisation on the Hồ Chí Minh Stock Exchange shrank by VNĐ244 trillion (nearly USS$10 billion) when the benchmark VN-Index lost nearly 60 points, or 4.7 per cent.
Tuesday saw a rebound in shares, driven by the continued gains of large-cap stocks. The market benefited from robust buying forces, supported by significant foreign net buying activity.