Stock trading plunges

By Dat Nguyen April 7, 2023 | 02:07 am PT

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 fell 0.11% to 1069.71 points Friday, with stock trading dropping by nearly a third.

The index closed 1.2 points lower after losing 9.95 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 31.71% to VND10.78 trillion ($459.76 million), lowest in seven sessions.

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers dropped.

HPG of steelmaker Hoa Phat Group posts the biggest drop of 1.4%, followed by VCB of state-owned lender Vietcombank with a 1.3% decline.

HDB of HDBank and VHM of property giant Vinhomes both lost 1%.

Twelve blue chips gained, led by SSI of leading brokerage SSI Securities Corporation with a 3% rise.

GVR of Vietnam Rubber Group went up 1.9% and STB of Ho Chi Minh City-based lender Sacombank climbed 1.4% higher.

Foreign investors remained cautious. They net sold VND158.5 billion, mainly in STB and KDH of real estate firm Khang Dien House.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.08% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.23%.