Trading value on Vietnam’s major bourse plunges

Trading value on the Ho Chi Minh Stock Exchange (HoSE) on Thursday hit VND10.47 trillion ($426 million), down 18% from the previous session and the lowest in September.

The figure was only half of the average level seen during the rally period earlier this year.

The benchmark VN-Index, which represents the HoSE, rose over 3 points, or 0.25%, to 1,256.35, with 218 stocks gaining and 163 declining.

The VN-30 basket, comprising the 30 largest capped stocks, gained 3.7 points, or 0.29%, to nearly 1,300, with 17 tickers rising and nine falling

VCB of Vietcombank was the largest contributor to the VN-Index, adding 1.5 points, as it increased by 1.2% to VND89,500 ($3.64). Conversely, SSB of SeABank dragged the index down, losing nearly 6% to VND15,050 ($0.61).

Foreign investors were net sellers on the HoSE to the tune of VND188 billion ($7.65 million). They mainly net sold VPB of private lender VPBank and VCI of Viet Capital Securities.

The HNX-Index on the Hanoi Stock Exchange, home to mid and small caps, rose 0.19%, while the UPCoM-Index on the Unlisted Public Companies Market went up 0.44%.