VN-Index dips marginally

By Dat Nguyen   July 18, 2022 | 01:11 am PT
VN-Index dips marginally
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 0.23 percent to 1,176.49 points Monday.

The index closed nearly 2.8 points lower, dragged down by last-minute selling, after losing 2.9 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 14 percent to VND11.23 trillion ($479.03 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers dropped.

HPG of steelmaker Hoa Phat Group fell 2.6 percent after hitting the highest in almost four weeks Friday.

VIC of biggest private conglomerate Vingroup fell 2.3 percent to the lowest in nearly two weeks.

STB of Ho Chi Minh City-based lender Sacombank lost 2 percent, and VHM of real estate giant Vinhomes fell 1.7 percent.

BVH of insurance company Bao Viet Holdings and MSN of conglomerate Masan Group both gained 1.4 percent.

PLX of fuel distributor Petrolimex rose 1.1 percent, and FPT of IT giant FPT Corporation dropped 1 percent.

Foreign investors were net sellers to the tune of VND115.94 billion, mainly selling VHM of real estate giant Vinhomes and HPG of steelmaker Hoa Phat Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.08 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.16 percent.

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