VN-Index falls

By Dat Nguyen January 24, 2024 | 02:15 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 0.38% to 1,172.97 points Wednesday.

The index closed 4.53 points lower after dropping 5.36 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 3% to VND15.51 trillion ($630.17 million).

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

MWG of electronics retail chain Mobile World dropped 2.2%, followed by MSN of conglomerate Masan Group with a 1.9% decline.

TPB of private TPBank went down 1.6% and ACB of Asia Commercial Bank closed 1% lower.

Seven blue chips bucked the trend but with marginal gain. SHB of Saigon Hanoi Commercial Bank and STB of Ho Chi Minh City-based lender Sacombank led, both with a 0.8% gain.

Foreign investors were net buyers to the tune of VND85 billion, mainly buying SSI of leading brokerage SSI Securities Corporation and EIB of private lender Eximbank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.32%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.22%.