Stock market stable after strong changes

By Dat Nguyen September 28, 2023 | 02:00 am PT

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 0.12% to 1,152.43 point Thursday after going through considerable fluctuations in recent sessions.

The index closed 1.4 points lower after gaining 15.9 points Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell.

SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%.

VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%.

Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase.

Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%.