VN-Index breaks three-session gaining streak

By Dat Nguyen February 29, 2024 | 01:27 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 0.15% to 1,252.73 points Thursday after a three-day gaining streak.

The index closed 1.82 points lower after gaining 17.09 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 15% to VND26.14 trillion ($1.06 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell.

VRE of retail real estate arm Vincom Retail dropped 4.7% while VHM of property giant Vinhomes closed 2.3% lower.

BID of state-owned lender BIDV declined by 1.7% and POW of electricity producer Petrovietnam Power Corporation fell 1.3%.

Nine blue chips gained, led by MSN of conglomerate Masan Group with a 3.1% rise, followed by SSI of leading brokerage SSI Securities Corporation, up 2.5%.

Foreign investors were net sellers to the tune of VND389 billion, mainly selling VHM and MSB of Vietnam Maritime Commercial Bank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.12%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.09%.