VN-Index slips

By Dat Nguyen   January 12, 2024 | 04:38 am PT
VN-Index slips
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 fell 0.65% to 1,154.70 points Friday.

The index closed 7.52 points lower after gaining 0.68 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 31% to VND22.75 trillion ($929 million).

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

GVR of Vietnam Rubber Group fell 3.8%, and MSN of conglomerate Masan Group dropped 2%.

POW of electricity producer Petrovietnam Power Corporation and VHM of property giant Vinhomes both declined by 1.7%.

The top gainers were MBB of lender MB with a 3.4% rise, followed by ACB of Asia Commercial Bank, up 2.2%.

Foreign investors were net buyers to the tune of VND11 billion, mainly buying STB of Ho Chi Minh City-based lender Sacombank and VCB of state-owned lender Vietcombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.03%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.75%.

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