VN-Index slips

By Dat Nguyen August 1, 2023 | 04:39 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 dropped 0.44% to 1,217.56 points Tuesday after rising in two sessions.

The index closed 5.34 points lower after gaining 15.23 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 9.08% to VND26.29 trillion ($1.11 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers dropped.

NVL of property developer Novaland Group plunged 5.6%, and PDR of Phat Dat Real Estate Development lost 3.9%.

MWG of electronics retail chain Mobile World closed 3.7% lower and SSI of leading brokerage SSI Securities Corporation fell 2.9%.

VIC of private conglomerate Vingroup bucked the trend with a 6.9% surge, its second consecutive session closing at ceiling price.

Foreign investors were net sellers to the tune of VND252.62 billion, mainly selling VNZ of VNG Corporation and VIC of private conglomerate Vingroup.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.08% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.96%.