Sunday , April 2 2023

VN-Index dives with most blue chips losing

Vietnam’s benchmark VN-Index dropped 1.24% to 1,024.77 points Friday with 26 out of 30 blue chips closing in the red.

The index closed 12.84 points lower after losing 2.94 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 13.32% to VND7.21 trillion ($303.93 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw MSN of conglomerate Masan Group dropped 3.8%, followed by POW of electricity producer Petrovietnam Power Corporation with a 2.8% loss.

VCB of state-owned lender Vietcombank went down 2.5% and STB of Ho Chi Minh City-based lender Sacombank lost 2.3%.

Foreign investors were net sellers to the tune of VND126.53 billion, mainly selling HPG of steelmaker Hoa Phat Group and SSI of leading brokerage SSI Securities Corporation.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.61% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.63%.

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