VN-Index falls slightly in year-end session

The VN-Index, which tracks the Ho Chi Minh Stock Exchange (HoSE), declined 2.2 points, or 0.22%, to 1,007.09 in 2022's last trading session.

The VN-Index, which tracks the Ho Chi Minh Stock Exchange (HoSE), declined 2.2 points, or 0.22%, to 1,007.09 in 2022's last trading session.

The major bourse saw 209 tickers gaining and 189 decreasing. Its liquidity remained low with more than 371 million shares changing hands for over VND5.6 trillion ($237 million), the lowest level since November 24.

The VN-Index declined 2.2 points, or 0.22%, to 1,007.09 on December 30, 2022. Photo courtesy of Youth newspaper.

The VN30-Index, which reflects the performance of the 30 largest-cap stocks, fell 3.11 points, or 0.31%, to 1,005.19.

Losses by blue chips like KDH of Khang Dien Holdings, NVL of Novaland, SAB of brewer Sabeco, VNM of Vinamilk, VCB of Vietcombank, MBB of MBBank, BID of BIDV bank, and TPB of TPBank dragged down the VN-Index.

Meanwhile, mid and small caps showed a good performance as their indexes rose 0.97% and 0.68%, respectively.

A clear divergence was seen in many stock groups like securities, real estate, and oil and gas.

Groups that are forecast to benefit from China’s reopening in early January like garments, seafood, aviation, public investment, and construction gained.

Foreign investors were net buyers for the sixth consecutive session to the tune of more than VND497 billion ($21.04 million) on the HoSE. They mainly net purchased STB of Sacombamk, BCM of Becamex, HPG of steel maker Hoa Phat, and DGC of Duc Giang Chemicals, while net selling BID, PDR of real estate developer Phat Dat, VIC of Vingroup, and NVL.

The HNX-Index on the Hanoi bourse went down 1.23 points to 205.31, while the UpCOM-Index on the unlisted public company market rose 0.76 points to 71.65.