Falling real estate stocks drag VN-Index down 5 points

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), lost 5.15 points, or 0.48%, to 1,064.3 on Thursday, mainly due to the plunge of property tickers.

The main bourse saw up to 268 losers and 121 gainers, with over 673 million shares changing hands for about VND11.4 trillion ($486.2 million), down 15% from the previous session.

The VN30 index, which tracks the performance of the 30 largest-cap stocks, dropped 6.02 points to 1,074.67.

The real estate group was the main force dragging down the VN-Index, with nearly 30 tickers losing over 2%. MGR of MGroup Corp. and LDG of LDG Investment hit the floor prices, NVL of Novaland went down 3.65%, and VHM of Vinhomes dropped 2.13%.

However, some stocks in this group closed in green, including DIG of DIG Corp (+1.16%) and DXG of Dat Xanh Group (+0.37%).

Many other groups, especially consumer goods, materials and finance, also declined.

Meanwhile, healthcare and medical stocks like AMV of American Vietnamese Biotech, LDP of Lam Dong Pharmaceutical JSC, and JVC of Japan Vietnam Medical Instrument JSC became bright spots.

Their rally was attributed to an increase in the number of Covid-19 cases in recent days, triggering higher demand for medicines and healthcare services.

Foreign investors were net sellers for the sixth consecutive session on the HoSE to the tune of over VND300 billion ($12.8 million). They mainly net sold VND of VNDirect Securities, HPG of steel maker Hoa Phat, and STB of Sacombank.

The HNX-Index on the Hanoi bourse fell 2.1 points to 209.84, while the UpCOM-Index on the unlisted public company market increased 0.2 points to 79.35.