VN-Index drops 8 points on profit-taking pressure

By Huong Dung
Thu, June 8, 2023 | 5:19 pm GMT+7

Investor selloffs for profit taking made the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), fall 8.22 points, or 0.74%, to 1,101.32 on Thursday.

The trading value on the HoSE reached nearly VND23.7 trillion ($1 billion), an increase of VND5.7 trillion from the previous session and the highest level since April 2022.

Industry, banking, securities and real estate stocks saw the most transactions.

The major bourse witnessed more than 1.3 billion shares changing hands, with 269 gainers and 139 losers.

The VN30 index, which tracks the performance of 30 largest-cap stocks, plunged 13.22 points to 1,092.46, with up to 23 tickers losing.

The VN-Index falls 8.22 points to 1,101.32 on June 8, 2023. Photo courtesy of New Hanoi newspaper.

The VN-Index falls 8.22 points to 1,101.32 on June 8, 2023. Photo courtesy of New Hanoi newspaper.

The banking group had six representatives in the top 10 stocks with most negative impact on the market, including BID of BIDV, TCB of Techcombank, and VPB of VPBank.

Except VCB of Vietcombank, PGB of PGBank, and SGB of SaigonBank, all banking stocks dropped. NVB of National Citizen Commercial Joint Stock Bank lost 4.4%, STB of Sacombank 2.65%, VIB of Vietnam International Bank 3.18%, EIB of Eximbank 3.03%, and LPB LienVietPostBank 2.33%.

Most securities stocks declined. VND of VNDirect lost 5.97%, SSI of Saigon Securities 3.19%, SHS of Saigon-Hanoi Securities 3.15%, HCM of Ho Chi Minh City Securities 3.51%, VCI of Viet Capital Securities 3.55%, and APS of Asia-Pacific Securities 6.33%.

The real estate group saw nine stocks hitting their ceiling price and one hitting the floor price. Many large codes in this group went down, such as DIG of DIG Corp and CEO of CEO Group 5%, DXG of Dat Xanh Group 4.6%, NVL of Novaland 2.41%, and NLG of Nam Long Group 3.3%.

Foreign investors were net sellers on the HoSE to the tune of more than VND300 billion ($12.77 million). They mainly net sold VNM of Vinamilk and GEX of Gelex Corp.

The HNX-Index on the Hanoi bourse fell 3.55 points to 226.78, while the UpCOM-Index on the unlisted public company market decreased 0.54 points to 84.02.

Comments (0)
  • Read More
Russia’s Novatek eyes LNG investment opportunities in central Vietnam

Russia’s Novatek eyes LNG investment opportunities in central Vietnam

Novatek, Russia's leading natural gas producer, is exploring investment opportunities in Vietnam’s LNG sector, with a particular focus on Thanh Hoa province.

Energy - Wed, April 22, 2026 | 10:52 pm GMT+7

Vingroup’s VinDynamics partners Schaeffler to develop humanoid robot components

Vingroup’s VinDynamics partners Schaeffler to develop humanoid robot components

VinDynamics, a tech arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), has signed an MoU with Germany’s motion technology firm Schaeffler to jointly develop key components for humanoid robots.

Companies - Wed, April 22, 2026 | 4:23 pm GMT+7

Vietnam’s top dairy producer Vinamilk targets modest growth as weak dairy demand persists

Vietnam’s top dairy producer Vinamilk targets modest growth as weak dairy demand persists

Vinamilk (HoSE: VNM) set cautious growth targets for 2026, as it navigates weak consumer demand and rising input costs despite a strong start to the year.

Companies - Wed, April 22, 2026 | 4:09 pm GMT+7

Vietnam targets over 6,500 km of expressways by 2030: minister

Vietnam targets over 6,500 km of expressways by 2030: minister

Vietnam aims to complete 6,539 kilometers of expressways by 2030, nearly doubling the current network of about 3,345 km already in operation, Minister of Construction Tran Hong Minh said.

Infrastructure - Wed, April 22, 2026 | 3:28 pm GMT+7

Labeling real estate as ‘high-risk’ inappropriate: association head

Labeling real estate as ‘high-risk’ inappropriate: association head

Vietnam’s long-standing classification of real estate as a high-risk sector in credit policy is improper and may be distorting the market, according to Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA).

Real Estate - Wed, April 22, 2026 | 3:18 pm GMT+7

Foreign outflows in Vietnam’s stock market to ease from mid-2026: brokerage CEO

Foreign outflows in Vietnam’s stock market to ease from mid-2026: brokerage CEO

Net foreign selling on Vietnam’s stock market is expected to ease and potentially reverse from mid-2026 as macro conditions stabilize and prospects for a market status upgrade become clearer, CEO of An Binh Securities (ABS) said.

Finance - Wed, April 22, 2026 | 12:34 pm GMT+7

10% crude oil price hike could trim Vietnam’s growth by 0.4%: finance minister

10% crude oil price hike could trim Vietnam’s growth by 0.4%: finance minister

A 10% increase in crude oil prices could reduce Vietnam’s economic growth by about 0.4% and push inflation up by around 0.5%, Minister of Finance Ngo Van Tuan said on Tuesday.

Economy - Wed, April 22, 2026 | 11:45 am GMT+7

Vincom Retail reverses course, proposes cash dividend ahead of AGM

Vincom Retail reverses course, proposes cash dividend ahead of AGM

Vincom Retail, a subsidiary of Vingroup, has proposed a cash dividend for 2026, reversing an earlier plan to retain earnings, as the company prepares for its annual general meeting on Thursday.

Companies - Wed, April 22, 2026 | 8:17 am GMT+7

VinFast overtakes Tesla as Q1 best-selling battery electric vehicle brands in Philippines

VinFast overtakes Tesla as Q1 best-selling battery electric vehicle brands in Philippines

VinFast, the EV subsidiary of Vietnam’s conglomerate Vingroup, has surpassed Tesla to be the best-selling battery electric vehicle (BEV) brand in the Phillipines in the first quarter of 2026.

Companies - Tue, April 21, 2026 | 9:05 pm GMT+7

Usilk City urban area project case in Hanoi referred to police for investigation over alleged violations

Usilk City urban area project case in Hanoi referred to police for investigation over alleged violations

Vietnam's Government Inspectorate has decided to refer the case related to the expanded Van Khe urban area project (Usilk City) to the Ministry of Public Security for investigation and handling in accordance with the law, after identifying a number of wrongdoings.

Real Estate - Tue, April 21, 2026 | 5:12 pm GMT+7

ACV proposes shifting most international flights from Tan Son Nhat to Long Thanh by 2027

ACV proposes shifting most international flights from Tan Son Nhat to Long Thanh by 2027

Airports Corporation of Vietnam (ACV) has proposed shifting the bulk of international flights from Tan Son Nhat International Airport in Ho Chi Minh City to the Long Thanh International Airport in neighboring Dong Nai province under a phased plan that could see more than 90% of international passenger traffic handled by the new airport as early as 2027.

Economy - Tue, April 21, 2026 | 5:03 pm GMT+7

Tasco chairman outlines growth plan as shareholders lament losses

Tasco chairman outlines growth plan as shareholders lament losses

Shareholders of Tasco JSC voiced concerns at the firm’s annual general meeting on Monday after "holding HUT shares for three years without breaking even", prompting chairman Vu Dinh Do to outline key priorities for the company’s next phase of growth.

Companies - Tue, April 21, 2026 | 3:22 pm GMT+7

More than a marathon: How Carlsberg Vietnam runs together to build a stronger growth culture

More than a marathon: How Carlsberg Vietnam runs together to build a stronger growth culture

For the fifth consecutive year, Carlsberg Vietnam, together with its iconic Huda brand, returned as one of the main sponsors of VnExpress Marathon Hue 2026. But for the company, this was never simply about sponsoring a race. It was about something far bigger: how culture, leadership, and shared purpose create the foundation for sustainable growth.

Companies - Tue, April 21, 2026 | 12:17 pm GMT+7

AnPro drives An Phat Holdings’ expansion into interior materials

AnPro drives An Phat Holdings’ expansion into interior materials

An Phat Holdings is expanding beyond engineering plastics into high-tech interior materials through its AnPro brand, as part of a broader strategy to move up the value chain.

Companies - Tue, April 21, 2026 | 12:14 pm GMT+7

Vingroup, Vinhomes lift 2026 profit targets, sending shares higher

Vingroup, Vinhomes lift 2026 profit targets, sending shares higher

Vietnamese conglomerate Vingroup (HoSE: VIC) and its subsidiary Vinhomes (HoSE: VHM) said they will seek shareholder approval to raise their 2026 revenue and profit targets at the upcoming AGM.

Companies - Tue, April 21, 2026 | 11:18 am GMT+7

Foxconn pours additional $58.3 mln into northern Vietnam unit

Foxconn pours additional $58.3 mln into northern Vietnam unit

Taiwan’s Hon Hai Precision (Foxconn), a key electronics supplier to Apple, said it will invest an additional $58.32 million in its Vietnamese subsidiary, Fushan Technology (Vietnam), according to a filing to the Taiwan Stock Exchange.

Investing - Tue, April 21, 2026 | 11:03 am GMT+7