VN-Index struggles to break 1,300 points

By Dat Nguyen   October 3, 2024 | 01:25 am PT
VN-Index struggles to break 1,300 points
An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Huu Khoa
Vietnam's benchmark VN-Index fell 0.76% to 1,278.10 points Thursday as its attempts to reclaim the 1,300-point position achieved mid-June continued to fail.

The index closed 9.7 points lower after dropping 4.4 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 31% to VND23.27 trillion (US$940 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers fell.

VHM of property giant Vinhomes plunged the steepest with a 4.1% loss, followed by POW of electricity producer Petrovietnam Power Corporation, down 2.7%.

VRE of retail real estate arm Vincom Retail closed 2.6% lower and TCB of private lender Techcombank dropped 2.2%.

Eight blue chips bucked the trend, led by VPB of private lender VPBank, up 1.5%, and SSB of SeABank, up 1.4%.

Foreign investors were net buyers to the tune of VND575 billion, mainly buying VPB of private lender VPBank and FPT of IT giant FPT Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.72%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.64%.

Asian shares retreated from a 32-month peak on Thursday as the sizzling rally in Hong Kong took a breather, while Japan's Nikkei jumped as the risk of further tightening in monetary policy this year faded, Reuters reported.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% largely driven by a 1.6% drop in Hong Kong's Hang Seng index.

 
 
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