Stocks drop after three-session gaining streak

By Dat Nguyen January 23, 2024 | 01:39 am PT

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

Vietnam's benchmark VN-Index fell 0.45% to 1,177.50 points Tuesday after three consecutive sessions in the green.

The index closed 5.36 points lower after gaining 1.36 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 19% to VND15.11 trillion ($615.22 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers fell.

MWG of electronics retail chain Mobile World recorded the biggest fall with a 1.6% decline, followed by VHM of property giant Vinhomes, down 1.5%.

CTG of state-owned lender VietinBank lost 1.4% and ACB of Asia Commercial Bank dropped 1%.

Five blue chips bucked the trend, led by TCB of the largest private lender Techcombank with a 1.4% rise.

Foreign investors were net buyers to the tune of VND234 billion, mainly buying STB of Ho Chi Minh City-based lender Sacombank and VCG of Vietnam Construction and Import-Export.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.22%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.31%.