VN-Index struggles to recover

By Dat Nguyen   October 25, 2023 | 01:18 am PT
VN-Index struggles to recover
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 fell 0.38% to 1,101.66 points Wednesday as it struggled to bounce back after a major slide earlier this month.

The index closed 4.24 points lower after gaining 12.37 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 5% to VND11.011 trillion ($448.12 million).

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

VNM of dairy giant Vinamilk dropped 1.8%, followed by CTG of state-owned lender VietinBank, down 1.7%.

STB of Ho Chi Minh City-based lender Sacombank lost 1.5% and BCM of Becamex Investment and Industrial Development closed 1.3% lower.

Eight blue chips gained, led by VIC of private conglomerate Vingroup with a 2.9% rise.

Foreign investors were net seller to the tune of VND558 billion, mainly selling VIC and DCM of Petro Vietnam Ca Mau Fertilizer.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.82% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.04%.

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