VN-Index steadies after gaining streak

By Dat Nguyen   March 13, 2023 | 01:04 am PT
VN-Index steadies after gaining streak
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index dropped 0.02% to 1,052.8 points Monday after rising in four out of five sessions last week.

The index closed 0.2 points lower after losing 2.95 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 28.37% to VND11.23 trillion ($476.55 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers dropped.

STB of Ho Chi Minh City-based lender Sacombank fell 3.8% and BID of state-owned lender BIDV lost 1.9%.

ACB of Asia Commercial Bank went down 1.6% and TCB of the largest private lender Techcombank closer 1.5% lower.

Fourteen blue chips gained, led by VPB of private lender VPBank with a 6% surge after the bank was reportedly going to sell over one billion shares to Japan’s Sumitomo Mitsui Financial Group.

VHM of property giant Vinhomes went up 4.4% and VRE of retail real estate arm Vincom Retail rose 3.9%.

NVL of property developer Novaland Group closed 3.3% higher.

Foreign investors were net buyers for the fifth straight session to the tune of VND841.47 billion, mainly buying HPG of steelmaker Hoa Phat Group and SSI of leading brokerage SSI Securities Corporation.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.97% while the UPCoM-Index at the Unlisted Public Companies Market fell 0.51%.

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