Vietnam stocks in red before Fed makes important decision

Closing today's trading session, the Vietnamese stock market index lost nearly 10 points, falling back to 1,670 points. Cautious sentiment prevailed among investors as the market awaited the Fed's interest rate decision.

The stock market is under strong pressure to correct - Photo: QUANG DINH

Red covered the stock market in the session of September 17 with nearly 500 stocks decreasing in price, while only about 270 stocks remained green.

The driving force supporting the VN-Index mainly comes from the large-cap group, notably VIC (+6%),FPT (+1.93%) and VNM (+0.6%).

By industry group, banking and securities continued to face correction pressure, with decreases of 1.45% and 2.33%, respectively. Many stocks lost more than 2% of their market value, such as SSI (-2.4%), VIX (-3.95%), VPB (-2.21%), EIB (-2.55%), VND (-2.9%), SHS (-3.03%), and MBS (-2.19%).

In the real estate group, the differentiation was clear: the industry index increased mainly thanks to VIC, while most of the remaining stocks fell sharply, typically DIG (-3.7%), CEO (-2.07%), KDH (-2.33%), TCH (-2.07%), and DXG (-2.54%).

Industrial park and infrastructure construction stocks all fell, notably KBC down 3.68%, VCG lost 2.71%, and CII fell 3.7%.

HPG - a representative of the steel industry - also decreased by 2.5%, showing overwhelming selling pressure even when the company announced plans to list Hoa Phat Agriculture shares, expected to be completed this year.

Meanwhile, the technology group became the bright spot of the market with FPT increasing 1.93%, CMG (+2.77%).

In the context of sparse green color appearing on the board, VN-Index at one point lost nearly 17 points, before narrowing the decline to 9.93 points at the end of the session.

Total transaction value today is more than 36,600 billion VND, down compared to yesterday's session.

According to analysts, VN-Index may continue to fluctuate in the afternoon session as supply pressure is still latent around the historical peak, in addition to the psychological effect from the futures contract expiration date.

In addition, investors are "waiting" for the US Federal Reserve's (Fed) interest rate policy decision and the speech of Chairman Jerome Powell.

The meeting will last from September 16 to 17, and is expected to be announced in the early morning of September 18 (Vietnam time).

Before the meeting took place, international analysts assessed this as the most unusual and unprecedented meeting of this agency.

Because it took place in the context of changes in the Board of Governors members, and this agency was under great political pressure as US President Donald Trump continuously tried to influence the Fed in the past few months.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-viet-nam-ngap-sac-do-truoc-gio-fed-ra-quyet-dinh-quan-trong-20250917151622531.htm