Monday , March 27 2023

Stock market plunges

Vietnam’s benchmark VN-Index dropped 2.15% to 1,065.84 points Tuesday.

The index closed 23.45 points lower after gaining 12.14 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 26.65% to VND12.17 trillion ($515.35 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers dropped.

PDR of Phat Dat Real Estate Development hit the floor with a 6.9% fall.

HPG of steelmaker Hoa Phat Group fell 6.6% and NVL of property developer Novaland Group lost 5.2%.

GVR of Vietnam Rubber Group went down 5.1% and SSI of leading brokerage SSI Securities Corporation declined by 4.7%.

Five blue chips bucked the trend.

TPB of private TPBank went up 1.2% and PLX of fuel distributor Petrolimex gained 0.5%.

Foreign investors were net buyers to the tune of VND37.26 billion, mainly buying STB of Ho Chi Minh City-based lender Sacombank and CTG of state-owned lender VietinBank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 2.08% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.55%.

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