VN-Index dips after two gaining sessions

The index stayed in the red throughout the day and closed 10 points lower after gaining over 14 points in the last two sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 2.2 percent to VND34.83 trillion ($1.53 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 20 tickers losing, led by HDB of HDBank with a 3.3 percent drop.

HPG of steelmaker Hoa Phat Group fell 3 percent to the lowest since Sep. 27.

GVR of Vietnam Rubber Group fell 2.8 percent to a near two-week low.

PNJ of Phu Nhuan Jewelry dropped 2.5 percent, while SSI of leading brokerage SSI Securities Corporation lost 2.3 percent.

Seven tickers gained, with BVH of insurance company Bao Viet Holdings rising 3 percent and POW of electricity producer Petrovietnam Power Corporation adding 1.4 percent.

Foreign investors were net buyers for the third straight session to the tune of VND208 billion. They had the highest demand for MSN of conglomerate Masan Group and KBC of industrial real estate developer Kinh Bac City.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.79 percent while the UPCoM-Index for the Unlisted Public Companies Market fell 0.23 percent.