VN-Index flat after drop

By Dat Nguyen September 19, 2023 | 02:07 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 dropped 0.03% to 1,211.50 points Tuesday morning.

It closed 0.31 points lower after plunging by nearly 16 points Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 18% to VND23.34 trillion ($956.36 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 12 tickers fell.

VIC of private conglomerate Vingroup dropped 2.5%, followed by SAB of brewer Sabeco with a 2.2% decline.

BVH of insurance company Bao Viet Holdings lost 1.7% and BID of state-owned lender BIDV closed 1.2% lower.

STB of Ho Chi Minh City-based lender Sacombank rose 2.1% and HPG of steelmaker Hoa Phat Group went up 2%.

Foreign investors were net sellers to the tune of VND358 billion, mainly selling HPG of steelmaker Hoa Phat Group and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 0.10% while the UPCoM-Index for the Unlisted Public Companies Market fell 0.11%.