VN-Index drops

By Dat Nguyen   May 24, 2024 | 05:54 am PT
VN-Index drops
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 1.49% to 1,261.93 points Friday.

The index closed 19.10 points lower after gaining 14.12 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 52% to VND35.53 trillion ($1.39 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers fell.

BCM of Becamex Investment and Industrial Development fell 4.2%, followed by FPT of IT giant FPT Corporation with a 4.1% decrease.

SSI of leading brokerage SSI Securities Corporation dropped 4% and VJC of budget airline Vietjet closed 3.1% lower.

Four blue chips gained, including ACB of Asia Commercial Bank with a 2.8% rise and GVR of Vietnam Rubber Group, up 1.7%.

Foreign investors were net sellers to the tune of VND1.5 trillion, mainly selling PVS of PetroVietnam Technical Services Corporation and MCH of Masan Consumer Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 2.10%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.81%.

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