Monday , March 27 2023

VN-Index ends 4-day gaining streak

Vietnam’s benchmark VN-Index dropped 0.28% to 1,053 points Friday after a four-session rise.

The index closed 2.95 points lower after gaining 6.77 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 18.49% to VND8.75 trillion ($369.51 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers dropped.

NVL of property developer Novaland Group fell 2.7% while TCB of the largest private lender Techcombank lost 2.3%.

PLX of fuel distributor Petrolimex dropped 2.2% and PDR of Phat Dat Real Estate Development declined by 2.1%.

Eight blue chips gained.

MSN of conglomerate Masan Group rose 3.8%, followed by VRE of retail real estate arm Vincom Retail with a 3.7% gain.

VHM of property giant Vinhomes went up 1.1% and HPG of steelmaker Hoa Phat Group climbed up 0.5%.

Foreign investors were net buyers to the tune of VND419.88 billion, mainly buying HPG of steelmaker Hoa Phat Group and VND of brokerage VNDirect.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.56% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.30%.

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