VN-Index closes week with a 1.09% plunge

By Minh Hieu June 28, 2024 | 04:03 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 plummeted 1.09% to 1,245.32 points Friday.

The index closed 13.77 points lower after dropping 2.15 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 37% to VND20.857 trillion (US$819.5 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 9 tickers gained.

POW of electricity producer Petrovietnam Power Corporation went up 1.0%, SHB of the Saigon–Hanoi Commercial Joint Stock Bank closed 0.9% higher, and VIC of private conglomerate Vingroup gained 0.5%.

Eighteen blue chips fell. GVR of Vietnam Rubber Group dropped 5.0%, followed by BCM of Becamex Investment and Industrial Development with a 2.1% decline and BID of state-owned lender BIDV, down 1.9%.

Foreign investors were net seller to the tune of VND1.17 trillion, mainly selling FUEVFVND of exchange-traded fund DCVFMVN DIAMOND and FPT of IT giant FPT Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.03%, while the UPCoM-Index for the Unlisted Public Companies Market went down 1.03%.