HCMC bourse index declines for fourth consecutive session

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), dropped 4.25 points or 0.42% to 1,018.88 on Wednesday, marking its fourth losing session in a row.

The major bourse saw 298 losers, including 44 hitting their floor prices, and 119 gainers. More than 857 million shares changed hands for over VND14.4 trillion ($607 million), a decrease of over 17% from the previous session.

The main support for the market came from blue chips as the VN30-Index, which tracks the performance of 30 largest-cap stocks, rose 3.31 points or 0.32% to 1,033.1, with 14 gainers and 13 losers.

In the VN30 basket, banking stocks showed the best performance with STB of Sacombank gaining 4.9%, VPB of VPBank 2%, ACB of Asian Commercial Bank 1.1%, and HDB of HDBank 0.9%.

VNM of Vinamilk, SAB of brewer Sabeco, and MSN of Masan Group also had positive impacts on the benchmark index.

In contrast, NVL of Novaland Group and PDR of Phat Dat Real Estate Development JSC hit their floor prices, negatively impacting the market.

Major groups like securities, steel and real estate experienced sharp falls. Especially, many real estate tickers suffered the maximum decrease, including CEO of CEO Group, L14 of Licogi 14, QCG of Quoc Cuong Group, HPX of Hai Phat Real Estate, and DIG of DIG Corp.

Foreign investors were net buyers for the 23rd consecutive session to the tune of VND1,695 billion ($71.44 million) on the HoSE. Of this, VND1,200 billion ($50.58 billion) was poured into EIB of Eximbank, which inched up 1.05% to VND28,800 ($1.21).

They mainly net bought HPG of steel maker Hoa Phat, EIB of Eximbank, NVL, and SHB of Saigon-Hanoi Bank; while net selling STB, VIC of Vingroup and NKG of Nam Kim Steel JSC.

The HNX-Index on the Hanoi bourse went down 3.07 points to 204.46, while the UpCOM-Index on the unlisted public company market fell 0.33 points to 70.7.