An investor points at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by Read/Quynh Tran
Vietnam’s benchmark VN-Index fell 0.28% to 1,268.48 points Monday while Asian stocks rose.
The index closed 3.56 points lower after gaining 0.77 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange decreased by 41% to VND12.899 trillion (US$524 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers fell.
SSB of lender SeABank saw the biggest drop of 3.6%, followed by VRE of retail real estate arm Vincom Retail with a 2.6% decline and PLX of fuel distributor Petrolimex, down 1.6%.
Nine blue chips gained. BVH of insurance company Bao Viet Holdings increased by 1.6%, SSI of brokerage SSI Securities Corporation closed 1.4% higher, TPB of private lender TPBank went up 1.1%.
Foreign investors were net buyers to the tune of VND214 billion, mainly buying FPT of IT giant FPT Corporation and MWG of electronics retail chain Mobile World.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.39%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.04%.
Globally, MSCI’S broad index of world stocks held steady after two weeks of gains and its gauge of Asia-Pacific shares outside Japan added 0.3% after bouncing 2.7% last week, Reuters reported.
Singapore’s main index climbing to its highest since late 2007. Stock markets in Tokyo were closed for a holiday but futures trading suggested these recent laggards would join the party with Nikkei contracts were trading at 38,510 compared to a cash close of 37,723.
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