Stocks plunge to 2-week low
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by Read/Quynh Tran
Vietnam’s benchmark VN-Index fell 0.89% to 1,254.67 points Thursday, lowest since Dec. 4.
The index closed 11.33 points lower after gaining 4.28 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 40% to VND17.81 trillion (US$700 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers fell.
SSB of SeABank dropped 4.3%, followed by BCM of Becamex Investment and Industrial Development and TCB of private lender Techcombank, both with a 1.9% decline.
BVH of insurance company Bao Viet Holdings and PLX of fuel distributor Petrolimex were the only two blue chips closing in the green, up 0.4% and 0.3% respectively.
Foreign investors were net sellers to the tune of VND481 billion, mainly selling SSI of brokerage SSI Securities Corporation and VPB of private lender VPBank.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.05%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.37%.
Comments are closed.