VN-Index breaks 6-session gaining streak

By Minh Hieu July 10, 2024 | 04:06 am PT

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 0.6% to 1,285.94 points Wednesday after rising in the last six sessions.

The index closed 7.77 points lower after gaining 10.15 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange rose 0.03% to VND21.826 trillion (US$858.8 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers fell.

GVR of Vietnam Rubber Group saw the biggest drop of 2.63%, followed by FPT of IT giant FPT Corporation with a 2.55% decline and MWG of electronics retail chain Mobile World, down 2.4%.

Only six blue chips gained. PLX of fuel distributor Petrolimex grew 1.2%, MBB of lender MB Bank went up 0.7%, and VCB of state-owned lender Vietcombank closed 0.6% higher.

Foreign investors were net seller to the tune of VND1.042 trillion, mainly selling VCB of Vietcombank and FPT of FPT Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.37%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.35%.