VN-Index registers biggest plunge in 15 weeks

By Dat Nguyen   December 3, 2021 | 04:38 am PT
VN-Index registers biggest plunge in 15 weeks
An investor points at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index plunged 2.61 percent, its biggest one-day drop since Aug. 20, to 1,443.32 points.

The index started to decline in the last hour of trading and closed nearly 39 points lower.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, surged 43 percent to VND32.86 trillion ($1.44 billion).

The VN30 basket, comprising the 30 largest capped stocks, was a sea of red with 28 tickers losing, led by SSI of leading brokerage SSI Securities Corporation with a 6.5 percent drop.

This is the ticker’s third session in the red. It is now at a near two-week low.

GVR of Vietnam Rubber Group lost 5.6 percent to the lowest in nearly two weeks.

VRE of retail real estate arm Vincom Retail plunged 5.2 percent to a near 12-week low.

Other losers included BID of state-owned lender BIDV, down 5 percent, and BVH of insurance company Bao Viet Holdings, down 4.6 percent.

PDR of Phat Dat Real Estate Development was the only blue-chip ticker to end in the green with a 0.1 percent gain.

Foreign investors were net sellers for the eighth session to the tune of VND415 billion.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.96 percent while the UPCoM-Index for the Unlisted Public Companies Market dropped 2.13 percent.

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