VN-Index ends 6-session gaining streak

By Dat Nguyen May 9, 2024 | 01:31 am PT

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 fell 0.15% to 1,248.64 points Thursday after six sessions in the green.

It closed 1.8 points lower after rising by the same amount Wednesday.

Trading on the Ho Chi Minh Stock Exchange, on which the index is based, dropped 14% to VND20 trillion ($786 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 16 tickers fell.

SAB of brewer Sabeco dropped 2.2%, followed by VNM of dairy giant Vinamilk with a 1.9% decline.

GAS of state-owned Petrovietnam Gas and HDB of HDBank both fell 1.7%.

Thirteen blue chips gained, led by BCM of Becamex Investment and Industrial Development with a 6.4% surge.

Foreign investors were net sellers to the tune of VND1.7 trillion, mainly selling VHM of property giant Vinhomes and DGC of Duc Giang Chemicals Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.03% while the UPCoM-Index for the Unlisted Public Companies Market went up 0.37%.