VN-Index dips as trading value hits nine-week low

The index stayed in the green throughout the morning but it started to fall during the afternoon, closing 5.08 points lower.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 16 percent to VND18.5 trillion ($808 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 20 tickers fell, led by three lenders: HDB of HDBank, down 2.5 percent; TPB of TPBank, down 2.4 percent; and STB of Sacombank, down 1.8 percent.

NVL of real estate giant Novaland dropped 1.7 percent, and VCB extended its losing streak to the fifth, also losing 1.7 percent.

Eight blue chips gained, with SAB of brewer Sabeco and MWG of Mobile World both rising 2.1 percent.

MWG has gained over 20 percent in less than a month, scaling another all-time peak.

Other gainers included GAS of Petrovietnam Gas, up 1.4 percent, and VPB of VPBank, up 1.3 percent.

Foreign investors were net sellers to the tune of VND218 billion, focusing on HPG of steelmaker Hoa Phat and VND of VNDirect Securities.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 0.88 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.1 percent.