VN-Index ends five-session gaining streak

By Dat Nguyen   September 7, 2021 | 05:54 pm GMT+7
VN-Index ends five-session gaining streak
An investor points at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index ended a five-session gaining streak via a 0.33 percent drop to 1,341.90 points Tuesday with most blue chip tickers in the red.

The index rose by seven points in the early afternoon but last-minute selling pressure pulled it down by over four points.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell nearly 6 percent to VND26.66 trillion ($1.17 billion). The bourse saw 294 tickers lose and 125 gain.

The VN30 basket, comprising the 30 largest capped stocks, saw 17 tickers in the red, led by PDR of Phat Dat Real Estate Development with a 3.5 percent loss.

VRE of retail real estate arm Vincom Retail ended a streak of eight gaining sessions with a 3.2 percent drop. The ticker has lost 28 percent since the end of January.

POW of electricity producer Petrovietnam Power Corporation lost 2.8 percent.

On the winning side, nine banking stocks led blue chips’ gain with TPB of TPBank rising 4.6 percent.

Other gainers included VPB of private lender VPBank, up 3.9 percent, and CTG of state-owned lender VietinBank, up 1.9 percent.

Foreign investors were net sellers for the eighth session in a row with strongest pressure on VHM of real estate giant Vinhomes and SSI of leading brokerage SSI Securities Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.25 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.04 percent.

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