VN-Index falls to 4-week low

By Dat Nguyen   September 22, 2023 | 01:21 am PT
VN-Index falls to 4-week low
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 1.62% to 1,193.05 points Friday, lowest since August 25.

It closed 19.7 points lower after losing 13.4 points Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), surged 40% to VND32.33 trillion ($1.33 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 26 tickers fell.

SSI of leading brokerage SSI Securities Corporation posted the biggest plunge at 6.2%, followed by GVR of Vietnam Rubber Group with a 5.8% fall.

VHM of property giant Vinhomes dropped 4.4% and MSN of conglomerate Masan Group closed 4.3% lower.

Four blue chips gained, led by VCB of state-owned lender Vietcombank with a 2.6% rise.

Foreign investors were net sellers for the fifth straight session to the tune of VND180 billion, mainly selling VIC and MSN.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 3.46% while the UPCoM-Index for the Unlisted Public Companies Market fell 1.76%.

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