VN-Index nears two-week low

By Dat Nguyen   October 17, 2023 | 12:50 am PT
VN-Index nears two-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 1.73% to 1,121.65 points on Tuesday, lowest since Oct. 5.

The index closed 19.77 points lower after dropping 13.31 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 10% to VND13.63 trillion ($556.26 million).

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

GVR of Vietnam Rubber Group plunged 5.8%, followed by MWG of electronics retail chain Mobile World with a 4.7% decline.

FPT of IT giant FPT Corporation dropped 3.8% and BCM of Becamex Investment and Industrial Development closed 2.3% lower.

Foreign investors were net buyers to the tune of VND19 billion, mainly buying STB of Ho Chi Minh City-based lender Sacombank and IDC of construction firm Idico Corporation.

Four blue chips gained, led by VRE of retail real estate arm Vincom Retail with a 1.1% increase.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 2.72% while the UPCoM-Index for the Unlisted Public Companies Market fell 0.80%.

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