Stocks dip to near 4-month low

By Dat Nguyen October 3, 2023 | 01:55 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 fell 3.22% to 1,118.1 points, lowest since June 20.

The index closed 37.15 points lower after gaining 1.10 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 83% to VND21.065 trillion ($863.29 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw all tickers fell.

GVR of Vietnam Rubber Group hit the floor with a 6.9% dive, followed by SSI of leading brokerage SSI Securities Corporation, down 5.9%.

MWG of electronics retail chain Mobile World dropped 5.6% and BID of state-owned lender BIDV closed 5.5% lower.

Foreign investors were net seller to the tune of VND154 billion, mainly selling CTG of state-owned lender VietinBank and VPB of private lender VPBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 4.24% while the UPCoM-Index for the Unlisted Public Companies Market fell 2.27%.