HCMC bourse trading value plunges for third consecutive session

By Phan Thao

Wed, November 2, 2022 | 5:36 pm GMT+7

Vietnam’s benchmark VN-Index dropped over 10 points to 1023.19 Wednesday, with trading value declining for the third consecutive session.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), represented by the index, decreased 6% from the previous session to VND10.1 trillion ($406.5 million).

About 30% of the total trading value went to banking and finance stocks following the release of their positive performance results in the third quarter.

Tickers VPB, STB, SSI, VND, and VIB of VPBank, Sacombank, Saigon Securities Inc., securities broker VNDirect, and Vietnam International Bank, respectively, were the most sought-after.

HPG of steel maker Hoa Phat Group recorded the highest trading value, at VND615 billion ($24.75 million).

An investor watches stock prices in Vietnam. Photo courtesy of VietStock.

Foreign investors were net sellers on Wednesday, with net selling value at around VND250 billion ($10.1 million).

The HNX-Index representing the Hanoi Stock Exchange decreased 0.33% to 211.66 points. The UPCoM-Index of the Unlisted Public Companies Market was down 0.62% to 76.01 points.

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