VN-Index hits 14-month low

The index closed 3.2 points lower after losing over 41 points this week.

Trading on the Ho Chi Minh Stock Exchange fell by 15.6 percent to VND13.31 trillion ($572.7 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain, with SSI of leading brokerage SSI Securities and STB of HCMC-based lender Sacombank closing at ceiling prices.

They gained 6.9 and 6.8 percent, respectively.

Three bank stocks, TCB of Techcombank, MBB of MBBank and VPB of VPBank, followed, rising 4.4 to 5.5 percent.

Other winners included HPG of steel giant Hoa Phat, up 3.4 percent, and ACB of lender Asia Commercial Bank, up 3.3 percent.

Twelve blue chips fell, led by two energy tickers: GAS of Petrovietnam Gas and POW of Petrovietnam Power.

They both hit floor prices, losing 6.8-6.9 percent.

FPT of IT giant FPT Corp closed 5.2 percent lower, and MWG of electronics retailer Mobile World dropped 5 percent.

Foreign investors were net buyers to the tune of VND24.1 billion, significantly down from Tuesday’s VND379 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.8 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.55 percent.