VN-Index inches down

By Dat Nguyen March 2, 2023 | 01:58 am PT

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

Vietnam’s benchmark VN-Index dropped 0.28% to 1,037.61 points Thursday.

The index closed 2.94 points lower after gaining 15.87 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 23% to VND6.36 trillion ($268.13 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers dropped.

VRE of retail real estate arm Vincom Retail fell 2.2%.

MSN of conglomerate Masan Group dropped 1.9%, and SAB of brewer Sabeco lost 1.8%.

CTG of state-owned lender VietinBank and SSI of leading brokerage SSI Securities Corporation both went down 1.6%.

Nine blue chips gained, led by POW of electricity producer Petrovietnam Power Corporation with a 2.8% rise.

HDB of HDBank closed 1.7% higher and BID of state-owned lender BIDV rose 1.6%.

Foreign investors were net sellers to the tune of VND120.96 billion, mainly selling VHM of property giant Vinhomes and VCB of state-owned lender Vietcombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.33% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.47%.