Stocks dive to near two-week low

By Dat Nguyen   December 13, 2023 | 01:39 am PT
Stocks dive to near two-week low
An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam's benchmark VN-Index fell 1.19% to 1,114.20 points Wednesday, lowest since Dec. 1.

The index closed 13.43 points lower after gaining 2.13 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 32% to VND18.45 trillion ($760 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers fell.

VRE of retail real estate arm Vincom Retail plunged 2.7%, followed by HPG of steelmaker Hoa Phat Group and PLX of fuel distributor Petrolimex, both down 2.1%.

Three blue chips gained: BVH of insurance company Bao Viet Holdings rose 1%, while VJC of budget airline Vietjet went up 0.5% and HDB of HDBank closed 0.3% higher.

Foreign investors were net sellers to the tune of VND910 billion, mainly selling VNM of dairy giant Vinamilk and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.42%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.36%.

 
 
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