Friday , June 21 2024

Stock trading plunges to near three-week low

Vietnam’s benchmark VN-Index dropped 0.04% to 1,116.97 points Thursday, with trading declining to the lowest since May 25.

The index closed 0.45 points lower after losing 5.04 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 22.56% to VND13.27 trillion ($563.66 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers fall.

SAB of brewer Sabeco lost 1.9%, and POW of electricity producer Petrovietnam Power Corporation closed 1.5% lower.

MSN of conglomerate Masan Group and VNM of dairy giant Vinamilk both fell 1.2%.

Eleven blue chips gained, led by GAS of state-owned Petrovietnam Gas and PDR of Phat Dat Real Estate Development, both increased by 2.1%.

Foreign investors were net buyers to the tune of VND397.78 billion, mainly buying HPG of steelmaker Hoa Phat Group and VND of brokerage VNDirect.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.27% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.32%.

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