VN-Index on four-session losing streak

By Minh Hieu April 8, 2024 | 03:17 am PT

An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index slid 0.38% to 1,250.35 points Monday in its fourth losing session.

It closed 4.76 points lower after losing 13.14 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, plunged 19% to VND20.403 trillion ($817.3 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 17 tickers fell.

VRE of retail real estate arm Vincom Retail plummeted 4.5% while STB of Ho Chi Minh City-based lender Sacombank and MWG of electronics retail chain Mobile World both went down 2%.

Nine blue chips gained. HDB of private lender HDBank went up 2.4%, BID of state-owned bank BIDV rose 1.2% and CTG of state-owned lender VietinBank saw a 0.9% growth.

Foreign investors were net sellers to the tune of VND153 billion, mainly selling VHM of property giant Vinhomes and VRE of Vincom Retail.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 0.67% while the UPCoM-Index for the Unlisted Public Companies Market fell 0.13%.