VN-Index closes in red for third straight session

By Minh Hieu April 5, 2024 | 02:26 am PT

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

Vietnam’s benchmark VN-Index plunged 1.04% to 1,255.11 points Friday after declining in the previous two sessions.

It closed 13.14 points lower after losing 3.2 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 5.6% to VND25.193 trillion ($1.01 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 26 tickers fell.

GVR of Vietnam Rubber Group saw the biggest decline, plumetting 4.8%, followed by VRE of retail real estate arm Vincom Retail with a 2.4% drop and SSI of brokerage SSI Securities Corporation, down 2.3%.

Only two blue chips gained, including VPB of private lender VPBank with a 0.8% growth and MWG of electronics retail chain Mobile World, which went up 0.6%.

Foreign investors were net buyers to the tune of VND25.83 billion, mainly buying NVL of property developer Novaland and MWG of Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 1.14% while the UPCoM-Index for the Unlisted Public Companies Market fell 0.4%.