Saturday , January 28 2023

Stock trading hits 4-week low

Vietnam’s benchmark VN-Index dropped 0.22% to 1020.34 points Friday, with trading plunging to a four-week low.

The index closed 2.27 points lower after gaining 3.73 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 29.46% to VND9.10 trillion ($385.55 million), lowest since November 24.

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers dropped.

SSI of leading brokerage SSI Securities Corporation fell 4.2%, while HPG of steelmaker Hoa Phat Group lost 2.9%.

NVL of property developer Novaland Group dropped 2.6%, and KDH of real estate firm Khang Dien House closed 2.2% lower.

Twelve blue chips gained, with POW of electricity producer Petrovietnam Power Corporation rising 2.3% and PDR of Phat Dat Real Estate Development gaining 2%.

VHM of property giant Vinhomes went up 1.6%.

Foreign investors were net buyers to the tune of VND229.33 billion, mainly buying HPG of steelmaker Hoa Phat Group and VHM.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.24% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.25%.

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