Monday , August 8 2022

VN-Index drops with sliding trade

Vietnam’s benchmark VN-Index dropped 0.28 percent to 1,195.53 points Monday, with a double-digit decline in trade.

The index closed 3 points lower after gaining one point on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 12 percent to VND10.09 trillion ($432 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers dropped.

MWG of electronics retail chain Mobile World dropped 3.6 percent.

PNJ of Phu Nhuan Jewelry lost 3.4 percent, and HPG of steelmaker Hoa Phat Group fell 1.8 percent.

Eleven tickers gained, with SSI of leading brokerage SSI Securities Corporation rising 2.5 percent.

It was followed by VNM of dairy giant Vinamilk, up 1.9 percent, and MBB of lender MB, up 1.7 percent.

Foreign investors were net sellers to the tune of VND129 billion, mainly selling MWG and BSR of Binh Son Refining and Petrochemical Jsc.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.83 percent while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.32 percent.

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