Stocks decline with most blue chips in red

The index closed 9.09 points lower after gaining 14.05 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 15% to VND25.430 trillion (US$998.9 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers fell.

BVH of insurance company Bao Viet Holdings lost 3.0%, HDB of lender HDBank went down 2.9%, STB of private lender Sacombank closed 2.1% lower.

Only two blue chips gained, which were POW of electricity producer Petrovietnam Power Corporation with a 0.8% growth and GAS of state-owned Petrovietnam Gas, up 0.4%.

Foreign investors were net seller to the tune of VND1657 billion, mainly selling CTG of state-owned lender VietinBank and HPG of steel giant Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.58%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.27%.