VN-Index drops

By Dat Nguyen   March 16, 2023 | 02:31 am PT
VN-Index drops
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 dropped 1.39% to 1047.4 points Thursday.

The index closed 14.79 points lower after gaining 22.06 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 11.94% to VND9.40 trillion ($398.73 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers dropped.

HDB of HDBank and PLX of fuel distributor Petrolimex both fell 3.5%.

VHM of property giant Vinhomes dropped 3.3% and STB of Ho Chi Minh City-based lender Sacombank ended 3% lower.

VRE of retail real estate arm Vincom Retail gained 1.6% and SAB of brewer Sabeco rose 0.8%.

Foreign investors were net buyers to the tune of VND87.34 billion, mainly buying HSG of steelmaker Hoa Sen Group and VRE.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.36% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.74%.

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