Stock trading dives to 7-week low

By Dat Nguyen April 20, 2023 | 01:08 am PT

An investor looks at stock prices on smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index rose 0.03% to 1,049.25 points Thursday, with trading value dipping to the lowest since March 2.

The index closed 0.27 points higher after losing 6.04 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 31.86% to VND6.63 trillion ($282.25 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers gain.

BVH of insurance company Bao Viet Holdings gained 1.8%, followed by HDB of HDBank and STB of Ho Chi Minh City-based lender Sacombank, both with a 0.8% rise.

GVR of Vietnam Rubber Group gained 0.7% and VHM of property giant Vinhomes and went up 0.6%.

Thirteen blue chips fell.

PDR of Phat Dat Real Estate Development lost 2.2% and VPB of private lender VPBank closed 1.8% lower.

Foreign investors were net buyers to the tune of VND52.64 billion, mainly buying STB and HPG of steelmaker Hoa Phat Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.37% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.33%.