Stocks plunge in 3rd session in red

The index closed 22.83 points lower after dropping 10.14 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 14% to VND18.07 trillion ($712 million).

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

GVR of Vietnam Rubber Group dropped 6.6%, followed by MBB of lender MB with a 5.2% decline.

TPB of private TPBank fell 4.6% and POW of electricity producer Petrovietnam Power Corporation closed 4.5% lower.

Five blue chips gained, led by SSB of SeABank with a 1.4% rise.

Foreign investors were net sellers to the tune of VND124 billion, mainly selling FPT of IT giant FPT Corporation and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.59%, while the UPCoM-Index for the Unlisted Public Companies Market went down 1.31%.