Stocks close third session in red

By Minh Hieu May 31, 2024 | 01:18 am PT

An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index fell 0.36% to 1,261.72 points Friday for the third consecutive session.

The index closed 4.60 points lower after dropping 6.32 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 28% to VND18.740 trillion (US$736.3 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell.

GVR of Vietnam Rubber Group lost 2.4%, SAB of brewer Sabeco dropped 1.7% and VCB of state-owned lender Vietcombank closed 1.6% lower.

Nine blue chips gained. MWG of electronics retail chain Mobile Worldup went up 1.3%, followed by HPG of steelmaker Hoa Phat Group with a 1.2% growth and VIC of private conglomerate Vingroup, up 0.9%.

Foreign investors were net seller to the tune of VND1.4 trillion, mainly selling VHM of property giant Vinhomes and VCB of Vietcombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.38%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.07%.