VN-Index posts 3rd session in red

The index closed 11 points lower after going sideways most of the day. It has lost 36 points in the last three sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 14 percent to VND35.94 trillion ($1.58 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers in the red, led by MSN of conglomerate Masan Group with a drop of 5.3 percent to an 11-week low.

SSI of leading brokerage SSI Securities Corporation fell 2.9 percent to the lowest in nearly eight weeks, while FPT of IT giant FPT Corporation slipped 2.7 percent to the lowest in over five months.

Other losers included GVR of Vietnam Rubber Group, down 2.4 percent, and VRE of retail real estate arm Vincom Retail, down 2.3 percent.

Six blue chip tickers bucked the trend, with STB of Ho Chi Minh City-based lender Sacombank rising 2.7 percent after two sessions in the red.

BID of state-owned lender BIDV rose 1.4 percent, and GAS of state-owned Petrovietnam Gas gained 1.3 percent.

Foreign investors ended a chain of four net selling sessions witt a net purchase of VND106 billion, focusing on VIC of biggest private conglomerate Vingroup and DXG of real estate developer Dat Xanh Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, lost 0.27 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.21 percent.