VN-Index slips after three gaining sessions

By Dat Nguyen   January 5, 2022 | 12:38 am PT
VN-Index slips after three gaining sessions
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 0.2 percent to 1,522.5 points Wednesday after three sessions in the green, with trading value surging double-digit.

The index stayed in the green most of the day but selling pressure in the last minutes pulled it down three points lower after skyrocketing by nearly 40 points in the last three sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose nearly 15 percent to VND32.84 trillion ($1.44 billion), the highest in eight sessions.

The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers in the red, with MSN of conglomerate Masan Group falling 5.3 percent to a near two-week low.

VJC of budget airline Vietjet lost 2.4 percent to a two-week low, while ACB of Asia Commercial Bank lost 2 percent.

Other losers include HDB of HDBank, down 1.9 percent, and TPB of private TPBank, down 1.8 percent.

Ten blue chip tickers bucked the trend, with VRE of retail real estate arm Vincom Retail rising 6.9 percent to a near seven-month high.

GAS of state-owned Petrovietnam Gas climbed 3 percent to the highest since Nov. 19.

Foreign investors ended a chain of seven net buying sessions with a net sale of VND256 billion, focusing on MSN and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.32 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.47 percent.

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