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VN-Index dives to 7-week low

By Dat Nguyen   September 16, 2022 | 02:57 am PT
VN-Index dives to 7-week low
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 0.93% to 1,234.03 points Friday, lowest since August 1.

The index closed 11.6 points lower after gaining 4.9 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 37% percent to VND15.51 trillion ($655.47 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers dropped.

KDH of real estate firm Khang Dien House fell 4.5%.

GVR of Vietnam Rubber Group lost 3.5%, and CTG of state-owned lender VietinBank dropped 2.6%.

Other losers included MWG of electronics retail chain Mobile World, STB of Ho Chi Minh City-based lender Sacombank and HPG of steelmaker Hoa Phat Group.

Seven blue chips bucked the trend, led by PDR of Phat Dat Real Estate Development with a 4.3% rise.

It was followed by VRE of retail real estate arm Vincom Retail, up 3.5%, and VNM of dairy giant Vinamilk, up 2%.

Foreign investors were net sellers to the tune of VND422 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and VJC of budget airline Vietjet.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 2.43% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.90%.

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