VN-Index Falls 1.86% to Close Below 1,800 Points
Heavy selling in blue-chip stocks pushed the Vietnamese benchmark index down sharply on September 11. Foreign investors turned to net sellers, driving liquidity to moderate levels.
The VN-Index dropped 34.02 points on September 11. The closing level was 1,795.21. This move erased the 1,800 point threshold. The decline represented a 1.86 percent loss. Selling pressure was concentrated in large-cap names. Market breadth was poor. There were 284 losers against 51 gainers on HOSE. Trading volume remained subdued. Total traded value was 16.445 trillion VND. This figure was below the 20 trillion VND mark.
Foreign investors shifted their trading behavior. They moved from net buying to net selling. The net sell value on HOSE was 810 billion VND. Domestic investors also increased selling. The banking sector faced the heaviest outflows. STB saw net sales of 229 billion VND. MBB lost 140 billion VND in net sales. VPB recorded net sales of 134 billion VND. BSR was the notable exception. Foreign investors bought 109 billion VND of this stock. It was the only major net buy target.
Blue-chip stocks drive index decline
Ten major stocks caused an 18 point drop. These names include VIC, VHM, and VCB. GVR, TCB, and BID also fell. CTG, HPG, VPB, and LPB declined as well. Securities and real estate stocks suffered the largest percentage losses. VCI dropped 5.9 percent to 20,050 VND. CII fell 5.7 percent to 13,250 VND. BSR provided limited support. Its contribution to the index was under 0.5 points. This was insufficient to offset the broader decline.
Weekly performance and liquidity trends
The VN-Index lost 57.87 points for the week. The weekly decline was 3.12 percent. Average daily trading value was 18.7 trillion VND. This is lower than the 26.9 trillion VND average for the first eight months of 2026. It is also below the 28.9 trillion VND average for 2025. The recovery phase shows weak buying demand. Selling pressure has cooled but buying is not strong. Market momentum remains fragile. Liquidity levels indicate caution among participants.
Market outlook for September
SSI Research views September as an accumulation period. The market is not starting a new upward cycle. The FTSE upgrade event offers profit-taking opportunities. Investors should reduce high beta stocks. The medium-term outlook remains positive. Early September may see passive capital inflows. This supports FTSE component stocks. Support will likely fade over time. Focus should shift to solid profit growth stocks. High net cash flow names are preferred. Defensive sectors like utilities offer stability. The strategy prioritizes quality over quantity.
