Vietnam’s benchmark VN-Index dropped 0.01% to 1307.8 points amid strong fluctuations throughout Thursday’s session.
VN-Index hovered around the reference mark, which is above the 1,300-point milestone set up Wednesday. The main index recorded four reversals before closing with a tiny drop.
The VN30 basket, comprised of the 30 largest stocks by market cap and liquidity on the Ho Chi Minh Stock Exchange (HoSE), was split with 14 gainers and 14 losers.
Leading the uptrend were POW (PV Power) and STB (Sacombank) with a margin of 3.25%. In the opposite direction, VCB (Vietcombank) and SAB (Sabeco) were the biggest losers, falling by around 1.7%. Other losing stocks include VNM (Vinamilk), GAS (PV Gas), SSI (SSI Securities), and VPB (VPBank).
VN-Index closed Thursday at 1,307.8, down 0.11 points, with 219 stocks gaining and 214 losing. Liquidity reached VND12,680 billion ($546.8 million), down 24% from Wednesday’s session, the lowest since the beginning of this month.
Meanwhile, HNX-Index rose 1.81 points (0.58%) to 312.74, while UpCoM-Index dropped 0.11 points (0.12%) to 94.89.
On the three exchanges, 460 stocks were gainers and 432 losers, with total liquidity reaching VND16,042 billion ($692 million), down 20.1% from the previous session.
Finance, banking, and materials accounted for around 35% of the overall transaction value. This was led by HPG (Hoa Phat Group) with more than VND915 billion ($39.5 million) in liquidity, approximately equivalent to the sum of the following three stocks, STB, POW, and DXG.
Foreign investors remained net buyers to the tone of VND179.4 billion ($7.74 million) on the HoSE, focusing on Dragon Capital’s FUEVFVND, STB (Sacombank), DPM (Petrovietnam Fertilizer & Chemicals), FPT (FPT Corporation), and GAS (PV Gas).