Sunday , October 2 2022

VN-Index hits eight-session low

Vietnam’s benchmark VN-Index dropped 1.19 percent to 1,181.29 points Tuesday, the lowest since June 22.

The index closed 14.24 points lower after losing over 3 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) rose by 37 percent to VND13.81 trillion ($591.3 million).

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

MSN of conglomerate Masan Group dropped 5.3 percent.

GAS of Petrovietnam Gas lost 5.2 percent, and PNJ of Phu Nhuan Jewelry fell 4.2 percent.

Ten blue chips rose, led by TCB of Techcombank with a 3.9 percent gain.

It was followed by three other lenders, BID of BIDV, MBB of MBBank and STB of Sacombank, up 3.1-3.6 percent.

Foreign investors were net sellers for the third straight session to the tune of VND268.64 billion. They focused on selling VHM of real estate giant Vinhomes, VCB of state-owned lender Vietcombank, and MSN.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, fell 1.16 percent while the UPCoM-Index at the Unlisted Public Companies Market closed 1 percent lower.

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