VN-Index hits new bottom

By Dat Nguyen October 6, 2022 | 01:38 am PT

An investor stands in front of screens showing stock prices at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index dropped 2.69% to 1,074.52 points Thursday, a new bottom this year.

The index closed 29.7 points lower after gaining 26.1 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 18% to VND11.12 trillion ($465.77 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers dropped.

GVR of Vietnam Rubber Group and MWG of electronics retail chain Mobile World both plunged 6.8%.

SSI of leading brokerage SSI Securities Corporation dropped 6.7%, and STB of Ho Chi Minh City-based lender Sacombank fell 6.5%.

Other declining tickers include HPG of steelmaker Hoa Phat Group, down 6.2%, and POW of electricity producer Petrovietnam Power Corporation, down 5.8%.

VIC of biggest private conglomerate Vingroup was the only winner with a 0.2% rise.

Foreign investors were net sellers to the tune of VND131.66 billion, mainly selling HPG and PHS of Phu Hung Securities.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 2.89% while the UPCoM-Index at the Unlisted Public Companies Market was down by 1.65%.