Stock trade hits 15-session low

By Dat Nguyen June 9, 2022 | 01:31 am PT

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 0.01 percent to 1307.8 points Thursday with trade plunging to the lowest in 15 sessions.

The index closed 0.11 points lower after gaining nearly 17 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange fell by 24 percent to VND12.68 trillion ($547 million), the lowest since May 20.

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers fall.

VCB of state-owned lender Vietcombank of state-owned lender Vietcombank dropped 1.8 percent.

SAB of brewer Sabeco of brewer Sabeco fell 1.7 percent.

VNM of dairy giant Vinamilk of dairy giant Vinamilk lost 1.1 percent.

Other losers included GAS of state-owned Petrovietnam Gas, SSI of leading brokerage SSI Securities Corporation and VPB of private lender VPBank.

Fourteen blue chips gained, led by POW of electricity producer Petrovietnam Power Corporation and STB of Ho Chi Minh City-based lender Sacombank, both climbing 3.2 percent.

HPG of steelmaker Hoa Phat Group rose 2.7 percent with trading up for the fifth session in a row.

Foreign investors were net buyers for the fourth straight session to the tune of VND179 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.58 percent while the UPCoM-Index at the Unlisted Public Companies Market dropped by 0.12 percent.