Stocks fall steepest in three weeks

By Dat Nguyen November 17, 2023 | 03:23 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 2.16% to 1,101.19 points Friday, its biggest decline since Oct. 26, with all blue chips closing in red.

The index closed 24.34 points lower after gaining 3.03 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 65% to VND24.334 trillion ($1 billion).

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

VIC of private conglomerate Vingroup plunged 6.4%, followed by VHM of property giant Vinhomes, down 5.3%, and VRE of retail real estate arm Vincom Retail, down 4.4%.

Foreign investors were net sellers to the tune of VND748 billion, mainly selling VHM and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.32%, while the UPCoM-Index for the Unlisted Public Companies Market went down 1.28%.