VN-Index steadies after gains

By Dat Nguyen   May 31, 2023 | 12:50 am PT
VN-Index steadies after gains
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 0.27% to 1,075.17 points Wednesday after rising for two sessions in a row.

The index closed 2.88 points lower after gaining 14 points in the previous two days.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 3.69% to VND15.82 trillion ($673.33 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers fall.

VHM of property giant Vinhomes lost 2.6%, followed by VRE of retail real estate arm Vincom Retail, down 2.2%.

HDB of HDBank closed 2.1% lower and GVR of Vietnam Rubber Group lost 1.1%.

Eight blue chips gained, led by TPB of private TPBank with a 3.7% rise.

Foreign investors were net sellers to the tune of VND443.92 billion, mainly selling NVL of property developer Novaland Group and EIB of private lender Eximbank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.67% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.47%.

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