VN-Index goes sideways after surge

By Dat Nguyen February 16, 2022 | 02:38 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 0.04 percent to 1,492.10 points Wednesday with 15 blue chip tickers in the red.

The ticker went sideways throughout the day and closed 0.65 points lower after gaining nearly 21 points Tuesday.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 4.6 percent to VND20.05 trillion ($881 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickers in the red, led by GAS of state-owned Petrovietnam Gas with a 2.5 percent drop.

BID of state-owned lender BIDV closed 2.3 percent lower, and MSN of conglomerate Masan Group fell 1.5 percent.

Other losing tickers were NVL of real estate developer Novaland Group, down 1.1 percent, and VIC of biggest private conglomerate Vingroup, down 1 percent.

Ten blue chip tickers gained, with BVH of insurance company Bao Viet Holdings rising 4.7 percent.

SSI of leading brokerage SSI Securities Corporation increased by 1.6 percent, while GVR of Vietnam Rubber Group rose 1.2 percent.

Foreign investors were net sellers to the tune of VND9 billion with focus on VNM of dairy giant Vinamilk and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.25 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.52 percent.