Stock trading plunges to 6-week low

By Dat Nguyen September 12, 2022 | 12:50 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 rose 0.07% to 1,249.62 points Monday, with trading value lowest in over six weeks.

The index closed 0.84 points higher after gaining 14 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 22% to VND10.75 trillion ($457.08 million), lowest since July 27.

The VN-30 basket, comprising the 30 largest capped stocks, saw 11 tickers gained.

VRE of retail real estate arm Vincom Retail rose 4.5% to a two-week high.

MWG of electronics retail chain Mobile World gained 2.8%, while VHM of real estate giant Vinhomes went up 2.5% to a four-week high.

Other gainers included KDH of real estate firm Khang Dien House and CTG of state-owned lender VietinBank, up 0.8% and 0.7%, respectively.

Seventeen blue chips fell, with STB of Ho Chi Minh City-based lender Sacombank falling 2.7%.

SSI of leading brokerage SSI Securities Corporation and GVR of Vietnam Rubber Group dropped 1.6% and 1.4%, respectively.

Foreign investors were net buyers for the third straight session to the tune of VND177.36 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.54% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.43%.