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VN-Index dives to 5-week low

By Dat Nguyen   September 7, 2022 | 12:38 am PT
VN-Index dives to 5-week low
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index dropped 2.68% to 1,243.17 points Wednesday to the lowest in five weeks.

The index closed 34.23 points lower, its biggest plunge since June 20.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 39.63% percent to VND20.33 trillion ($861.79 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 29 tickers dropped.

BID of state-owned lender BIDV fell 5.6% to a five-week low.

SSI of leading brokerage SSI Securities Corporation dropped 5.1%, also to a five-week low.

VJC of budget airline Vietjet lost 4.8%, BVH of insurance company Bao Viet Holdings 4.2%, and GAS of state-owned Petrovietnam Gas 3.9%.

NVL of real estate developer Novaland Group was the only blue chip that gained with a 2.1% increase.

Foreign investors were net sellers to the tune of VND447.58 billion, mainly selling VND of brokerage VNDirect and GEE of Gelex Electric Equipment.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 3.14% while the UPCoM-Index at the Unlisted Public Companies Market was down by 1.37%.

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