Stock market slips after three rising sessions

By Dat Nguyen July 6, 2023 | 01:48 am PT

An investor looks at stock prices on a smartphone. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index dropped 0.74% to 1,126.22 points Thursday after three sessions in the green.

The index closed 8.4 points lower after gaining 2.62 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 8.16% to VND18.60 trillion ($783 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers dropped.

VHM of property giant Vinhomes fell 2.9%, followed by STB of Ho Chi Minh City-based lender Sacombank with a 2.7% decline.

PDR of Phat Dat Real Estate Development lost 2.6% and NVL of property developer Novaland Group closed 2% lower.

Eight blue chips gained, led by GVR of Vietnam Rubber Group with a 3% increase.

Foreign investors were net sellers to the tune of VND314.41 billion, mainly selling STB and VCB of state-owned lender Vietcombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.21%while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.37%.