VN-Index drops to three-week low

By Dat Nguyen November 27, 2023 | 01:14 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 0.69% to 1,088.06 points Monday, lowest since Nov. 7.

The index closed 7.55 points lower after gaining 7.12 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 39% to VND11.81 trillion ($486.76 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers fell.

STB of Ho Chi Minh City-based lender Sacombank fell 3.2%, followed by SSI of leading brokerage SSI Securities Corporation, down 3.1%, and TCB of the largest private lender Techcombank, down 2.5%.

Five blue chips bucked the trend, led by SAB of brewer Sabeco with a 2.1% gain.

Foreign investors were net buyers to the tune of VND41 billion, mainly buying HPG of steelmaker Hoa Phat Group and VPB of private lender VPBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.98%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.64%.