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 fell 1.23%, its biggest decline since early last August, to 1,230.48 points on Friday.
The index closed 15.29 points lower after dropping 5.25 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 50% to VND11.235 trillion (US$442.8 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers fell.
HDB of lender HDBank saw the biggest decline of 3.4%, followed by STB of Ho Chi Minh City-based lender Sacombank with a 3.3% drop, and SSI of brokerage SSI Securities Corporation, down 2.9%.
Three blue chips gained. SSB of SeABank rose 2.1%, BVH of insurance company Bao Viet Holdings went up 1.0%, CTG of state-owned lender VietinBank closed 0.3% higher.
Foreign investors were net seller to the tune of VND220 billion, mainly selling FPT of IT giant FPT Corporation and STB.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.10%, while the UPCoM-Index for the Unlisted Public Companies Market went down 1.03%.
Globally, European shares edged lower on Friday, as elevated government bond yields weighed on stocks, with attention now turning to U.S. jobs data that may provide clues on the Federal Reserve’s interest rate trajectory, Reuters reported.
The pan-European STOXX 600 was down 0.1%, although set for its best weekly performance in six weeks.
In Asia, Japan’s Nikkei fell 0.9%, taking its weekly loss to 1.6%. China’s blue-chips slipped 0.4% and Hong Kong’s Hang Seng dropped 0.5%.
MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.5% and headed for a weekly decline of 1.2%.
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