Stocks start week with dip

By Dat Nguyen   October 23, 2023 | 02:19 am PT
Stocks start week with dip
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 1.31% to 1,093.53 points.

The index closed 14.50 points lower after gaining 20.18 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 14% to VND12.12 trillion ($492.48 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers fell.

MSN of conglomerate Masan Group dropped 4.3%, followed by MWG of electronics retail chain Mobile World, down 3.8%.

GVR of Vietnam Rubber Group fell 3.7% and GAS of state-owned Petrovietnam Gas lost 3.1%.

Two blue chips gained. SSB of Southeast Asia Commercial Bank (SeABank) rose 1.4% and VIC of private conglomerate Vingroup closed 0.1% higher.

Foreign investors were net buyers to the tune of VND85 billion, mainly buying VHM of property giant Vinhomes and IDC of construction firm Idico Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.96% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.41%.

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