VN-Index closes 4th session in red

By Dat Nguyen February 24, 2023 | 12:29 am PT

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

Vietnam’s benchmark VN-Index dropped 1.34% to 1,039.56 points Friday in its fourth straight losing session.

The index closed 14.1 points lower after losing 0.62 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 45.8% to VND6.55 trillion ($275.30 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers dropped.

SSI of leading brokerage SSI Securities Corporation fell 3.6%.

GVR of Vietnam Rubber Group and NVL of property developer Novaland Group both lose 3.4%.

HPG of steelmaker Hoa Phat Group and PDR of Phat Dat Real Estate Development went down 3.3% and 3.2% respectively.

Three blue chips bucked the trend.

SAB of brewer Sabeco gained 1%, followed by GAS of state-owned Petrovietnam Gas, up 0.7%, and VCB of state-owned lender Vietcombank, up 0.2%.

Foreign investors were net sellers to the tune of VND219.15 billion, mainly selling VHM of property giant Vinhomes and VIC of private conglomerate Vingroup.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.95% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.87%.