Monday , June 17 2024

Foreigners end 6-session buying streak

Vietnam’s benchmark VN-Index dropped 0.88% to 1,105.4 points Monday, with foreign investors net selling after purchasing for six sessions straight.

The index closed 9.82 points lower after losing 1.75 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 36% to VND14.32 trillion ($608.71 million).

Foreign investors were net sellers to the tune of VND107.32 billion, mainly selling NVL of property developer Novaland Group and VNM of dairy giant Vinamilk.

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers fall.

NVL plunged 6%, followed by PDR of Phat Dat Real Estate Development with a 4.2% fall.

VCB of state-owned lender Vietcombank declined by 3.1% and MSN of conglomerate Masan Group lost 2.7%.

Ten blue chips gained, led by SAB of brewer Sabeco with a 1.2% rise.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.84% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.08%.

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