VN-Index plunges 4%

By Dat Nguyen   October 6, 2022 | 08:22 pm PT
Vietnam’s benchmark VN-Index plunged 4.04% to 1,031 points Friday morning as most blue chips were close to hitting the floor amid a bearish market.

The index was falling 44 points as of 11.17 a.m. after plunging by 28 points Thursday.

VN-Index is now at the lowest since January 28 last year.

The VN30 basket, comprising the 30 largest capped stocks, saw 29 tickers falling, with TCB of the largest private lender Techcombank and STB of Ho Chi Minh City-based lender Sacombank on the floor with a 7% decline.

KDH of real estate firm Khang Dien House was falling 6.7%, and CTG of state-owned lender VietinBank 6.5%.

VJC of budget airline Vietjet was the only blue chip that gained with a 0.3% rise.

Foreign investors were net selling at 75.9 billion, mainly selling STB and DXG of real estate developer Dat Xanh Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, was falling 4.56% while the UPCoM-Index for the Unlisted Public Companies Market was down 3.59%.

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