Vingroup stocks down, VN-Index declines
Vietnam’s benchmark VN-Index dropped 10 points Monday after three consecutive gaining sessions last week.
An investor at a securities trading floor in Vietnam. Photo by The Investor/Gia Huy.
The index, which represents the Ho Chi Minh Stock Exchange, closed at 1,051.58 points at the end of the day after VIC and VHM of Vietnamese conglomerate Vingroup and its property unit Vinhomes lost 6.2% and 4.6%, respectively. The two stickers alone dragged the index down more than six points.
VRE of Vincom Retail, also part of the Vingroup ecosystem, decreased by 1.2% Monday. In addition, large caps in the banking, real estate, and consumer goods sectors like VCB, TCB, BID, MBB, NVL, and SAB of Vietcombank, Techcombank, BIDV Bank, MBBank, Novaland, and Sabeco Brewery were also on a decline.
On the contrary, GAS of PV Gas increased by 1.5% in its sixth gaining session in a row.
Foreign investors continued to be net buyers Monday, spending a total VND870 billion (more than $35.77 million) on purchases, focusing on VNM of dairy products maker Vinamilk and DGC of Duc Giang Chemicals.
The group’s sales value kept under VND640 billion ($26.3 million). This was the seventh consecutive session where foreign investors were net buyers.
- Related News
- Read More
Steel giant Hoa Phat plans charter capital hike to $2.5 bln via share issuance
Vietnam’s leading steel maker Hoa Phat will issue nearly 581.5 million shares to existing shareholders at a rate of 10%, raising its charter capital from VND58.15 trillion to VND64 trillion ($2.51 billion).
Companies - Sun, May 12, 2024 | 10:17 am GMT+7
Vietnam nominated in multiple categories for 2024 World Tourism Awards
Vietnam has received nominations in several significant categories at the 31st edition of the World Travel Awards (WTA) for the Asia and Oceania region. The voting is now open and can be accessed at worldtravelawards.com.
Travel - Sun, May 12, 2024 | 9:39 am GMT+7
HCMC: top spot in Vietnam for slow travel lovers
Ho Chi Minh City has been named the destination travelers spend the most time in on average in Vietnam.
Travel - Sun, May 12, 2024 | 9:37 am GMT+7
Thailand: 61 die of heat stroke in four months
Heat stroke killed 61 people in Thailand in the first four months of this year, 33 of whom were in the north-eastern region.
Southeast Asia - Sun, May 12, 2024 | 9:33 am GMT+7
Cuc Phuong National Park night tours get popular
The Cuc Phuong National Park, the first national park in Vietnam, has received thousands of bookings since the recent debut of its night tours.
Travel - Sun, May 12, 2024 | 9:28 am GMT+7
Bao Tin gold trading clan looks for Midas touch in other ventures
More than 30 years since Luong Thi Dien and Vu Van Kham founded a gold trading business, Bao Tin has become a household name in Vietnam’s gold and jewellery market.
Companies - Sun, May 12, 2024 | 9:22 am GMT+7
Investors flock to central Vietnam for renewable energy projects
Vietnam's central region is drawing attention from investors who want to pour money into large renewable energy projects.
Energy - Sun, May 12, 2024 | 8:13 am GMT+7
Vietnam Jan-April auto sales down 11% to 82,515 units
Affiliates of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 82,515 units in the first four months of 2024, down 11% year-on-year.
Companies - Sat, May 11, 2024 | 8:33 pm GMT+7
Indians bargain, use third-party referrals: Singapore expert
Indians love to bargain and third-party referrals can play an important role, says Chia Zhi Wei, a Singaporean trade promotion expert on doing business with India.
Companies - Sat, May 11, 2024 | 8:19 pm GMT+7
Four more people arrested in banker-led forgery ring
Hanoi police have arrested four more people for suspected involvement in a banking scam related to falsifying seals and documents of organizations and institutions to steal money.
Society - Sat, May 11, 2024 | 3:52 pm GMT+7
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
The $5.4 billion Long Son Petrochemicals Complex (LSP) in Vietnam’s southern province of Ba Ria-Vung Tau is set to restart activities in July-August for a final test run before commencing commercial operations in August.
Industries - Sat, May 11, 2024 | 2:48 pm GMT+7
Vietnam banks lift deposit interest rates
More than a dozen small- and medium-sized commercial banks in Vietnam have raised deposit interest rates since the start of this month, commonly by 20-30 basis points.
Banking - Sat, May 11, 2024 | 11:01 am GMT+7
Korea’s Hyosung eyes ATM production, data center in Vietnam
Multi-industry conglomerate Hyosung, the third largest South Korean investor in Vietnam after Samsung and LG, plans to manufacture automated teller machine (ATMs) and build a large data center in Ho Chi Minh City.
Industries - Sat, May 11, 2024 | 10:05 am GMT+7
State Securities Commission names new vice chairman
Bui Hoang Hai, general director of the State Securities Commission’s (SSC) securities public offering management department, has been appointed vice chairman of the commission.
Finance - Sat, May 11, 2024 | 9:21 am GMT+7
Apartment segment recovers in southern Vietnam, land plots sluggish
April saw marked improvement in the supply and absorption of apartments in Ho Chi Minh City surrounding areas, but trade in land plots remained sluggish, says a new report.
Real Estate - Sat, May 11, 2024 | 8:01 am GMT+7
Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
Only firms consuming at least 500,000 kWh per month will qualify as buyers under the latest draft decree on direct power purchase agreements (DPPAs).
Energy - Fri, May 10, 2024 | 10:30 pm GMT+7
