VN-Index loses nearly 9 points

The index closed nearly 9 points lower after gaining 0.07 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 35.89% to VND8.78 trillion ($353.64 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers fell.

NVL of real estate developer Novaland Group and PDR of Phat Dat Real Estate Development continued to hit floor price with a 6.8% decline.

VRE of retail real estate arm Vincom Retail fell 4.7%, and MWG of electronics retail chain Mobile World declined by 3.6%.

Other falling tickers included ACB of Asia Commercial Bank and GAS of state-owned Petrovietnam Gas, both down 2.6%.

Seven blue chips gained, led by GVR of Vietnam Rubber Group with a 7% rise, POW of electricity producer Petrovietnam Power Corporation, up 2%.

Foreign investors were net buyers to the tune of VND36.73 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.80% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.73%.