VN-Index drops marginally

By Dat Nguyen August 17, 2023 | 01:01 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 fell 0.79% to 1233.48 points Thursday.

The index closed 9.78 points lower after gaining 9.21 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.02% to VND25.52 trillion ($1.07 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers fell.

VIC of private conglomerate Vingroup dropped 4.9%, followed by VHM of property giant Vinhomes with a 3% decline.

VRE of retail real estate arm Vincom Retail fell 2.9% and STB of Ho Chi Minh City-based lender Sacombank closed 1.7% lower.

Ten blue chips were in the green.

SSI of leading brokerage SSI Securities Corporation gained 3.8% while FPT of IT giant FPT Corporation rose 1.1%.

Foreign investors were net buyers to the tune of VND109.89 billion, mainly buying CTG of state-owned lender VietinBank and VIC of private conglomerate Vingroup.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.03% while the UPCoM-Index at the Unlisted Public Companies Market was down by 1.04%.