Monday , December 30 2024

VN-Index plunges to 2-week low


Vietnam’s benchmark VN-Index fell 0.98% to 1,268.66 points Wednesday, the lowest since July 1.

The index closed 12.52 points lower after gaining 1.36 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 79% to VND29.327 trillion (US$1.16 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers fell.

GVR of Vietnam Rubber Group saw the biggest decline of 6.9%, followed by POW of electricity producer Petrovietnam Power Corporation with 6.7% drop, and PLX of fuel distributor Petrolimex, down 4.5%.

Nine blue chips gained. TCB of private lender Techcombank went up 4.4%, MBB of lender MB Bank increased by 4.0%, and HDB of HDBank closed 1.8% higher.

Foreign investors were net buyers to the tune of VND549 billion, mainly buying FPT of IT giant FPT Corporation and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.64%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.98%.

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