VN-Index sinks to 5-week low

The index closed nearly 37 points lower after losing 19 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 10.9 percent to VND15.44 trillion ($664.52 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers dropped, with five of them hitting floor prices.

GAS of state-owned Petrovietnam Gas, HPG of steelmaker Hoa Phat Group, STB of Ho Chi Minh City-based lender Sacombank, POW of electricity producer Petrovietnam Power Corporation and SSI of leading brokerage SSI Securities Corporation fell by 6.8-6.9 percent.

Other losers included BID of state-owned lender BIDV, PLX of fuel distributor Petrolimex and MSN of conglomerate Masan Group.

Two blue chips bucked the trend: VNM of dairy giant Vinamilk rose 3.4 percent, and VJC of budget airline Vietjet gained 1.7 percent.

Foreign investors were net sellers to the tune of VND604.62 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 4.33 percent while the UPCoM-Index at the Unlisted Public Companies Market fell by 1.91 percent.