VN-Index falls to near two-week low

By Dat Nguyen   October 21, 2021 | 03:00 am PT
VN-Index falls to near two-week low
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index dropped 0.65 percent to 1,384.77 points Thursday, lowest in nearly two weeks, with most blue chips ended in the red.

The index started off the day in the green but turned red before the lunch break and closed with a nine-point drop.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 11.6 percent to VND21 trillion ($923.33 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 27 tickers falling, led by VJC of budget airline Vietjet with a 3 percent drop.

SAB of brewer Sabeco fell 2.1 percent to the lowest since Sep. 10. GAS of state-owned Petrovietnam Gas and MSN of conglomerate Masan Group both lost 2 percent.

Three blue chip tickers bucked the trend: KDH of real estate firm Khang Dien House rose 1.4 percent, HPG of steelmaker Hoa Phat Group gained 0.5 percent, and PDR of Phat Dat Real Estate Development increase by 0.3 percent.

Foreign investors were net sellers for the fourth straight session to the tune of VND790 billion, with strongest pressure on HPG of steelmaker Hoa Phat Group and NLG of real estate developer Nam Long Investment Corp.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.04 percent while the UPCoM-Index for the Unlisted Public Companies Market rose 0.09 percent.

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