Wednesday , October 5 2022

Stock trading dives to 12-session low

Vietnam’s benchmark VN-Index dropped 0.52 percent to 1188.5 points Monday with trade value hitting a 12-session low.

The index closed 6.3 points lower after losing 3.7 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 8.7 percent to VND9.93 trillion ($424.45 million), lowest since July 7.

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

GVR of Vietnam Rubber Group lost 3 percent to the lowest in nearly two weeks.

GAS of state-owned Petrovietnam Gas fell 2.9 percent, and TPB of private TPBank dropped 2.3 percent.

Nine blue chips gained.

VNM of dairy giant Vinamilk rose 1.3 percent, and VIC of biggest private conglomerate Vingroup gained 1.2 percent.

Other gainers included VRE of retail real estate arm Vincom Retail, VCB of state-owned lender Vietcombank and FPT of IT giant FPT Corporation.

Foreign investors were net buyers for the fourth session in a row to the tune of VND155 billion, focusing on FPT of IT giant FPT Corporation and MWG of electronics retail chain Mobile World.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.19 percent while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.55 percent.

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