VN-Index plummets

By Ngan Anh October 5, 2023 | 01:37 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 1.31% to 1,113.9 points Thursday.

The index closed 15 points lower after gaining 10.57 points Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, downed 13% to VND13 trillion ($532.67 million).

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

PLX of fuel distributor Petrolimex lost 5.1%, followed by MWG of electronics retail chain Mobile World with a 4.5 % decline.

POW of electricity producer Petrovietnam Power Corporation dropped 3.1% and CTG of state-owned lender VietinBank closed 2.8% lower.

Foreign investors were net sellers for the session to the tune of VND730 billion, mainly selling VNM of dairy giant Vinamilk and CTG.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 0.95% while the UPCoM-Index for the Unlisted Public Companies Market fell 0.77%.