The downtrend continued in November despite a one-day spike by the heavily weighted Vingroup-stocks. Negative sentiment among foreigners was seen both in blue chips and smaller names, with indices down across the board. The HCMC Stock Index lost -2.8% and Hanoi -2.6%.
The big one-day gain in Vingroup-tickers was all the excitement traders could report in the first two weeks of November. This and some gains in a few banks pushed the index in HCMC up +1.1%, and the index in Hanoi gained +0.8%, while mid- and small caps were lower...
Earnings announcements for the third quarter dominated October, along with a strong one-day recovery on Wednesday in the Vincom-Tickers that helped the major index out of the red to close almost unchanged for the month.
News about progress in the trade talks between China and the USA had little impact on the Vietnamese stock market. The indices in HCMC and Hanoi moved in the opposite direction with -0.4% in HCMC and +0.9% Hanoi respectively.