VN-Index slips

By Dat Nguyen August 15, 2023 | 01:31 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 dropped 0.23% to 1,234.05 points Tuesday.

The index closed 2.79 points lower after gaining 4.63 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 18.40% to VND19.21 trillion ($801.58 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers dropped.

VIC of private conglomerate Vingroup fell 3.5%, followed by SSI of leading brokerage SSI Securities Corporation with a 1.5% drop.

BID of state-owned lender BIDV and STB of Ho Chi Minh City-based lender Sacombank both closed 1.3% lower.

Eleven blue chips gained. VRE of retail real estate arm Vincom Retail went up 3.3% and TPB of private TPBank rose 1.9%.

Foreign investors were net sellers to the tune of VND540.08 billion, mainly selling VPB of private lender VPBank and VIC of private conglomerate Vingroup.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.40% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.03%.