Wednesday , June 7 2023

VN-Index slips to near 4-week low

Vietnam’s benchmark VN-Index dropped 0.57% to 1048.98 points Wednesday, the lowest in nearly four weeks.

The index closed 6.04 points lower after gaining 1.21 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 1.52% to VND9.72 trillion ($413.88 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain.

GVR of Vietnam Rubber Group lost 2.9%, followed by VPB of private lender VPBank with a 2.7% decline.

POW of electricity producer Petrovietnam Power Corporation dropped 2.2% and SSI of leading brokerage SSI Securities Corporation closed 2.1% lower.

Five blue chips gained, led by SAB of brewer Sabeco with a 2.8% gain.

MWG of electronics retail chain Mobile World rose 1.4% and VJC of budget airline Vietjet went up 1.1%.

Foreign investors tuned net sellers to the tune of VND460.02 billion, mainly withdrawing from Vietnam Maritime Commercial Joint Stock Bank (MSB) and BMP of Binh Minh Plastics.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.15% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.79%.

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