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VN-Index slips with surging trade value

By Dat Nguyen   November 11, 2021 | 01:40 am PT
VN-Index slips with surging trade value
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 dropped 0.18 percent to 1,462.35 points Thursday with trading value surging double-digit.

The index lost nearly three points after rising 3.5 points Wednesday. This is its fourth losing session of the past 10.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, surged 28 percent to VND38.13 trillion ($1.67 billion). It reached a new historic peak of VND43 trillion earlier this month.

The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers in the red, led by SBT of sugar producer Thanh Thanh Cong – Bien Hoa JSC with a 2.6 percent drop.

HPG of steelmaker Hoa Phat Group lost 2.4 percent to the lowest since Oct. 1.

TPB of private TPBank lost 2.3 percent, continued its sideways trend that began mid-October.

BVH of insurance company Bao Viet Holdings lost 2 percent, while VRE of retail real estate arm Vincom Retail fell 1.9 percent.

Eight blue chip tickers ended in the green, with KDH of real estate firm Khang Dien House rising 3.1 percent to a nine-day high.

PDR of Phat Dat Real Estate Development ended a chain of three losing sessions with a 3 percent increase.

MWG of electronics retail chain Mobile World rose 2.7 percent to a new peak.

Foreign investors were net sellers to the tune of VND1.21 trillion, highest in the last eight sessions. They focused on selling HPG and VHM of real estate giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.11 percent, while the UPCoM-Index for the Unlisted Public Companies Market lost 0.41 percent.

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