Wednesday , February 8 2023

VN-Index loses 5-session gaining streak

Vietnam’s benchmark VN-Index dropped 1.16% to 1,036.28 points Thursday after rising for five sessions in a row.

The index closed 12.14 points lower after gaining 16.26 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.89% to VND21.83 trillion ($889.21 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers dropped.

SSI of leading brokerage SSI Securities Corporation lead the decline with a 5.5% drop.

It was followed by VIC of biggest private conglomerate Vingroup, down 5.2%, and BID of state-owned lender BIDV, down 5.1%.

CTG of state-owned lender VietinBank lost 4%, and POW of electricity producer Petrovietnam Power Corporation slipped 3.9%.

Nine blue chips gained, with PDR of Phat Dat Real Estate Development surging 7% to close at ceiling price.

TCB of the largest private lender Techcombank gained 5.8%, and PLX of fuel distributor Petrolimex went up 5.1%.

Foreign investors were net buyers for the ninth straight session to the tune of VND1.02 trillion, mainly buying VHM of property giant Vinhomes and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.06% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.76%.

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