VN-Index hits 4-week low

The index closed over 16 points lower after gaining three points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 13 percent to VND16.47 trillion ($709.09 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers dropped.

SSI of leading brokerage SSI Securities Corporation hit the floor with a 7 percent plunge.

GVR of Vietnam Rubber Group dropped 6.9 percent.

PLX of fuel distributor Petrolimex and POW of electricity producer Petrovietnam Power Corporation both fell 4.9 percent.

Six blue chips bucked the trend, with MWG of electronics retail chain Mobile World rising 2.9 percent.

Other gainers included PNJ of Phu Nhuan Jewelry, up 1.7 percent, and FPT of IT giant FPT Corporation, up 1.6 percent.

Foreign investors were net sellers to the tune of VND182.17 billion, mainly selling DGC of Duc Giang Chemicals Group and VNM of dairy giant Vinamilk.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 2.35 percent while the UPCoM-Index at the Unlisted Public Companies Market fell by 2.17 percent.