HCMC bourse trading value doubles  

The trading value on the Ho Chi Minh Stock Exchange (HoSE) hit nearly VND16.7 trillion ($672 million) on Tuesday, more than double the previous session's figure.

The benchmark VN-Index, which tracks the performance of the HoSE, dropped for the second consecutive session by 8.53 points or 0.89% to 952.12, with more than one billion shares changing hands. The major bourse saw 251 gainers and 182 losers.

The VN30-Index, which features 30 largest-cap stocks, went down 11.35 points or 1.19% to 945.54. Up to 18 of 30 blue chips closed below the reference levels.

In the VN30 basket, PLX of Petrolimex showed the best performance with an increase of 3.6%, followed by BID of BIDV bank and VNM of Vinamilk with more than 2%.

On the contrary, some banking, real estate and steel stocks had negative impacts on the market, with NVL of Novaland Group and PDR of Phat Dat Real Estate Development Corporation continuing to hit their floor prices.

Notably, strong bottom-fishing demand made NVL rise nearly 4% at a time, with a record 128.5 million shares traded during this session. However, the ticker closed at its floor price due to huge selling pressure.

VIC of Vingroup lost 4.7% while VHM of Vinhome, MSN of Masan Group and GVR of Vietnam Rubber Group decreased over 3% each.

In the mid-cap group, real estate codes narrowed their gains with DIG of DIG Corp expanding over 2%, NLG of Nam Long Group 0.22%, and ITA of Tan Tao Group 1.54%.

Foreign investors remained net buyers to the tune of over VND255 billion ($10.26 million), mainly purchasing VNM, HPG, SSI of Saigon Securities, BID, and MBB of Military Bank.

HNX-Index on the Hanoi bourse increased by 2.26 points or 1.17% to 194.66, while UpCOM-Index on the unlisted public company market rose 0.77 points or 1.14% to 68.41.