VN-Index breaks three-session gaining streaks

By Minh Hieu March 25, 2024 | 02:12 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 plummeted 1.09% to 1,267.86 points Monday after three consecutive gaining sessions.

The index closed 13.94 points lower after gaining 5.38 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 15.8% to VND29.240 trillion (US$1.18 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers fell.

GVR of Vietnam Rubber Group slid 4.1% and MSN of conglomerate Masan Group went down 3.8%, followed by CTG of state-owned lender VietinBank with a 2.8% decline.

Only four blue chips gained. TPB of private lender TPBank gained 1.3% and BVH of insurance firm Bao Viet Holdings went up 0.7% while VIC of private conglomerate Vingroup and VPB of lender VPBank both gained 0.5%.

Foreign investors were net seller to the tune of VND539 billion, mainly selling VNM of dairy giant Vinamilk and MSN of Masan Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.36%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.15%.