Sunday , June 4 2023

VN-Index dives further

Vietnam’s benchmark VN-Index dropped 0.60% to 1,042.91 points Friday, extending its decline after hitting a 4-week low Wednesday.

The index closed 6.34 points lower after gaining 0.27 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 46% to VND9.67 trillion ($411.62 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers fall.

NVL of property developer Novaland Group plunged 5.6%, followed by PDR of Phat Dat Real Estate Development with a 3% decline.

MWG of electronics retail chain Mobile World and POW of electricity producer Petrovietnam Power Corporation both lost 2.7%.

HDB of HDBank and MSN of conglomerate Masan Group dropped 2.1%.

Five blue chips gained, led by SSI of leading brokerage SSI Securities Corporation with a 2.6% rise.

Foreign investors were net sellers to the tune of VND228.94 billion, mainly selling HPG of steelmaker Hoa Phat Group and VPB of private lender VPBank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.15% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.18%.

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