VN-Index plunges steepest in over 4 months

By Dat Nguyen August 10, 2023 | 01:12 am PT

An points at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index dropped 13.38 points (1.08%) to 1,220.61 points Thursday, its biggest fall since March 20.

The index closed 13.38 points lower after losing 8.24 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.8% to VND20.23 trillion ($851.95 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers dropped.

MSN of conglomerate Masan Group plunged 5.7%, followed by BID of state-owned lender BIDV with a 3.5% decline.

GVR of Vietnam Rubber Group lost 3.2% and BCM of Becamex Investment and Industrial Development closed 2.8% lower.

Three blue chips gained.

VIC of private conglomerate Vingroup went up 3.2%, while GAS of state-owned Petrovietnam Gas closed 1% higher.

Foreign investors were net sellers to the tune of VND342.33 billion, mainly selling MSN and VPB of private lender VPBank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.80% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.75%.