VN-Index plunges with most blue chips in red

By Minh Hieu May 22, 2024 | 02:02 am PT

An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index fell 0.80% to 1,266.91 points Wednesday.

The index closed 10.23 points lower after dropping 0.44 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 17% to VND28.049 trillion (US$1.1 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers fell.

VJC of budget airline Vietjet slid 3.0%, while VPB of private lender VPBank closed 2.7% lower.

MSN of conglomerate Masan Group went down 2.5% and VIC of private conglomerate Vingroup decreased by 2.1%.

Five blue chips gained. FPT of IT giant FPT Corporation saw the biggest growth of 1.5%, followed by MWG of electronics retail chain Mobile World with a 0.8% increase and PLX of fuel distributor Petrolimex, up 0.5%.

Foreign investors were net seller to the tune of VND857 billion, mainly selling HPG of steelmaker Hoa Phat Group and VHM of property giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.76%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.24%.