Sunday , November 3 2024

Stocks dive to 3-month low


Vietnam’s benchmark VN-Index fell 1.96% to 1,226.96 points Thursday, the lowest since early March.

The index closed 24.55 points lower after gaining 6.45 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 22% to VND21.40 trillion ($848 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers fell.

BCM of Becamex Investment and Industrial Development plunged the steepest with a 7% decline.

GVR of Vietnam Rubber Group lost 4.8% and SSI of brokerage SSI Securities Corporation fell 4.7%.

MBB of lender MB lost 4.1% and STB of Ho Chi Minh City-based lender Sacombank closed 3.3% lower.

Two blue chips bucked the trend. VCB of state-owned lender Vietcombank rose 1.7% and SSB of SeABank increased 0.7%.

Foreign investors were net buyers to the tune of VND61 billion, mainly buying VCB and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 2.61%, while the UPCoM-Index for the Unlisted Public Companies Market went down 1.63%.

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