Thursday , December 1 2022

VN-Index ends five-session gaining streak


Vietnam’s benchmark VN-Index lost 0.34 percent to 1,501.71 points Friday, ending a five-session gaining streak.

The index started off in red and continued to fall in the afternoon. It closed 5.08 points lower.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 1.53 percent to VND21.62 trillion ($953 million).

Sixteen blue chip tickers fell, with VIC of biggest private conglomerate Vingroup closing in the red in the fifth straight sessions. The ticker fell 2.7 percent.

VRE of Vincom Retails fell 3.89 percent, and VHM of real estate giant Vinhomes closed 0.5 percent lower.

Together, the three Vingroup-related tickers dragged VN-Index down by over 3.5 points.

Other falling blue chips included the two largest state-owned lenders. VCB of Vietcombank dropped 1.4 percent, and BID of BIDV closed 1 percent lower.

The VN30 basket, comprising the 30 largest capped stocks, saw 12 tickers in the green, led by TPB of Tien Phong Bank with 4 percent gain.

SAB of brewer Sabeco reached a new record with 1.7 percent increase.

Other gainers included STB of Ho Chi Minh City-based lender Sacombank, up 1.6 percent, and PNJ of jewelry maker Phu Nhuan Jewelry, up 1.4 percent.

Foreign investors continued to sell with a net value of VND532 billion. VIC of biggest private conglomerate Vingroup, HPG of steelmaker Hoa Phat Group and NVL of real estate developer Novaland Group continued to be the top sold.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 0.31 percent while the UPCoM-Index for the Unlisted Public Companies Market decreased 0.09 percent.

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