VN-Index downs 1.7% with most blue chips in red

By Minh Hieu June 14, 2024 | 01:27 am PT

An investor frustrated by declining stocks at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index decreased by 1.66% to 1,279.91 points on Friday after staying above 1,300 points for the previous two sessions.

The index closed 21.60 points lower after gaining 1.32 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 27% to VND29.361 trillion (US$1.15 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers fell.

GVR of Vietnam Rubber Group saw the biggest decline of 6.6%, followed by PLX of fuel distributor Petrolimex with a 4.0% drop.

VPB of private lender VPBank went down 3.9% and STB of Ho Chi Minh City-based lender Sacombank closed 3.4% lower.

Only two blue chips gained, including SSB of lender SeABank with a 1.4% growth and FPT of IT giant FPT Corporation, up 0.8%.

Foreign investors were net seller to the tune of VND568 billion, mainly selling FPT and VIC of private conglomerate Vingroup.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.77%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.99%.