Wednesday , March 22 2023

VN-Index slips marginally

Vietnam’s benchmark VN-Index dropped 0.22% to 1045.14 points Friday, dragged down by selling pressure in the last minutes of trade.

The index closed 2.26 points lower after losing 14.79 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 9.44% to VND10.29 trillion ($436.20 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 11 tickers drop.

PLX of fuel distributor Petrolimex and VHM of property giant Vinhomes both fell 2.6%.

VNM of dairy giant Vinamilk went down 2.5% and HPG of steelmaker Hoa Phat Group lost 2.2%.

Other decliners included VCB of state-owned lender Vietcombank, GAS of state-owned Petrovietnam Gas and MSN of conglomerate Masan Group.

Sixteen blue chips gained, led by VJC of budget airline Vietjet with a 6.8% surge.

HDB of HDBank went up 3.6% and NVL of property developer Novaland Group closed 3.1% higher.

Foreign investors were net buyers to the tune of VND615.55 billion, mainly buying SHB of Saigon Hanoi Commercial Bank and NVL.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.14% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.54%.

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