VN-Index steadies after plunge

By Dat Nguyen   February 23, 2023 | 04:37 am PT
VN-Index steadies after plunge
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 0.06% to 1053.66 points Thursday.

The index closed 0.62 points lower after losing 27.95 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.14 percent to VND12.08 trillion ($507.03 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 11 tickers lose.

VRE of retail real estate arm Vincom Retail lost 5.7% while MSN of conglomerate Masan Group dropped 3.7%.

VJC of budget airline Vietjet fell 2.6% and HDB of HDBank went down 2.4%.

Seventeen blue chips gained, led by VIB of Vietnam International Commercial Bank with a 2.4% rise.

ACB of Asia Commercial Bank gained 2.2% and SSI of leading brokerage SSI Securities Corporation climbed up 2.1%.

Foreign investors were net sellers to the tune of VND680.64 billion, mainly selling VHM of property giant Vinhomes and VRE.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.31% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.06%.

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