VN-Index posts biggest loss in five sessions

By Dat Nguyen   January 24, 2022 | 01:32 am PT
VN-Index posts biggest loss in five sessions
An investor is seen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index plunged 2.25 percent to 1,439.71 points Monday, the biggest loss in five sessions, with three blue chip tickers hitting floor prices.

The index remained in the red throughout the day and closed 33 points lower after gaining nearly 34 points in the last three sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 7 percent to VND24.62 trillion ($1.09 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 24 tickers losing.

SSI of leading brokerage SSI Securities Corporation, GVR of Vietnam Rubber Group and POW of electricity producer Petrovietnam Power Corporation all fell 6.9-7 percent to close at floor prices with no buying orders.

VRE of retail real estate arm Vincom Retail lost 6.3 percent, while HPG of steelmaker Hoa Phat Group dropped 6 percent.

MSN of conglomerate Masan Group fell 5.3 percent after four gaining sessions.

Other losers included PDR of Phat Dat Real Estate Development, down 4.9 percent, and VHM of real estate giant Vinhomes, down 4 percent.

Six blue chip tickers bucked the trend, led by VCB of state-owned lender Vietcombank with a 4.3 percent gain.

ACB of Asia Commercial Bank rose 2.7 percent, and PNJ of Phu Nhuan Jewelry gained 1.5 percent.

Foreign investors were net sellers to the tune of VND131 billion with focus on VIC of biggest private conglomerate Vingroup and DGW of electronics retailer DigitalWorld.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, lost 2.89 percent while the UPCoM-Index for the Unlisted Public Companies Market lost 2.71 percent.

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