Stocks decline with most blue chips in red

By Minh Hieu   May 29, 2024 | 05:17 am PT
Stocks decline with most blue chips in red
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam's benchmark VN-Index fell 0.71% to 1,272.64 points Wednesday.

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%.

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