VN-Index slid to seven-day low

By Minh Hieu   March 8, 2024 | 02:51 am PT
VN-Index slid to seven-day 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 1.66% to 1,247.35 points Friday, the lowest in a week.

The index closed 21.11 points lower after gaining 5.73 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 30% to VND32.502 trillion (US$1.32 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 29 tickers fell and only one tickers gained - BCM of industrial property developer Becamex IDC with a 0.4% growth.

Ten blue chips fell. BID of state-owned lender BIDV went down 4.1%, TCB of private lender Techcombank slid 3.8%, and CTG of lender VietinBank, down 3.6%.

Foreign investors were net seller to the tune of VND667 billion, mainly selling MWG of electronics retail chain Mobile World and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.44%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.38%.

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