Tuesday , April 23 2024

VN-Index posts marginal loss after climbing to new peak

Vietnam’s benchmark VN-Index dropped 0.01 percent to 1,528.48 points Friday with trading value falling double-digit.

The index fluctuated in the 1,520 range throughout the day and closed 0.09 points lower after achieving a new peak Thursday.

It ended the week 42.5 points higher as new of a possible stimulus package stirs investors’ hope for a quick economic recovery.

The VN30 basket, comprising the 30 largest capped stocks, saw 21 tickers in the red, with CTG of state-owned lender VietinBank and TPB of private TPBank both falling 2.4 percent,

VRE of retail real estate arm Vincom Retail dropped 2.4 percent after three gaining sessions.

STB of Ho Chi Minh City-based lender Sacombank lost 2.3 percent and VIC of biggest private conglomerate Vingroup fell 2.2 percent.

On the other side, eight blue chip tickers rose, with POW of electricity producer Petrovietnam Power Corporation leading with a gain of 4.7 percent.

GAS of state-owned Petrovietnam Gas went up 3.7 percent.

Foreign investors were net sellers for the third straight session to the tune of VND4.7 billion.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 1.85 percent while the UPCoM-Index for the Unlisted Public Companies Market rose 1.06 percent.

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