VN-Index dives to new low this year

The index closed 5.06 points lower after losing 11.6 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 35.72% to VND6.72 trillion ($284.63 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers dropped, with strong plunges in the property sector.

NVL of property developer Novaland Group fell 6.6%, followed by PDR of Phat Dat Real Estate Development with a 5.8% loss and VHM of property giant Vinhomes, down 3.7%.

BID of state-owned lender BIDV went down 2.3% and HDB of HDBank lost 2.2%.

Eleven blue chips gained, led by SSI of leading brokerage SSI Securities Corporation and TPB of private TPBank, both went up 2.2%.

Foreign investors were net buyers to the tune of VND55.75 billion, mainly buying HPG of steelmaker Hoa Phat Group and KBC of industrial real estate developer Kinh Bac City.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.18% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.96%.