VN-Index plunges to seven-day low

By Dat Nguyen February 23, 2024 | 03:35 am PT

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 1.25% to 1,212.00 points Friday, lowest in a week.

The index closed 15.31 points lower after dropping 2.73 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 78% to VND31.98 trillion ($1.3 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers fell.

VIC of private conglomerate Vingroup dropped 5%, followed by VRE of retail real estate arm Vincom Retail with a 3.6% decline.

VHM of property giant Vinhomes fell 3.3% and MWG of electronics retail chain Mobile World closed 2.9% lower.

Two blue chips bucked the trend. BID of state-owned lender BIDV surged 4.5% while VJC of budget airline Vietjet went up 0.2%.

Foreign investors were net seller to the tune of VND769 billion, mainly selling VPB of private lender VPBank and MWG.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.25%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.46%.