VN-Index closes third session in red

By Dat Nguyen January 25, 2024 | 02:37 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 0.22% to 1,170.37 points Thursday on its third straight day losing.

The index closed 2.60 points lower after dropping 4.53 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 27% to VND11.36 trillion ($461.55 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers fell.

SAB of brewer Sabeco dropped 2.5%, followed by VIB of Vietnam International Commercial Bank with a 1.2% decline.

VIB of Vietnam International Commercial Bank lost 1.2% and BID of state-owned lender BIDV closed 1% lower.

Seven blue chips gained. MWG of electronics retail chain Mobile World rose 1.8% and MSN of conglomerate Masan Group went up 0.9%.

Foreign investors were net sellers to the tune of VND131 billion, mainly selling SAB of brewer Sabeco and DGC of Duc Giang Chemicals Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, was stable at 0% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.04%.