VN-Index ends 10-session gaining streak over profit-taking pressure

By Huong Dung
Tue, April 4, 2023 | 6:27 pm GMT+7

The profit-taking pressure on blue chips made the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), declined 0.83 points, or 0.08%, to 1,078.45 on Tuesday, ending its streak of 10 consecutive gaining sessions.

The major bourse saw nearly 804 million shares changing hands for over VND13.6 trillion ($579.52 million), a drop of 4% from the previous session. There were 261 tickers gaining and 139 losing.

Blue chips were the main reason for the VN-Index decline as VN30 index, which tracks the performance of the 30 largest-cap stocks, went down 0.38 points to 1,088.34, with 16 losers and 13 gainers.

The VN-Index declined 0.83 points to 1,078.45 on April 4, 2023. Photo courtesy of VietNamNet.

The VN-Index declined 0.83 points to 1,078.45 on April 4, 2023. Photo courtesy of VietNamNet.

Real estate stocks suffered the sharpest drop, with VHM of Vinhomes and VIC of Vingroup losing 1.6% and 1.2%, respectively.

Other codes like CEO of CEO Group, KDH of Khang Dien Holdings, NVL of Novaland Group, and PDR of Phat Dat Real Estate Development Corp. also closed in red.

HQC of Hoang Quan Corp. was the only ticker in the group that hit its ceiling price of VND4,170 ($0.18), after the government approved a project to build 1 million social housing units for lower-income earners and workers in industrial parks. The stock of the social housing "tycoon" enjoyed a three-session gaining streak, reaching the highest price since the end of September 2022.

Meanwhile, the securities group made a positive performance, with many stocks hitting their ceiling prices like APS of Asia-Pacific Securities, BMS of Bao Minh Securities, BSI of BIDV Securities, ORS of Tien Phong Securities, and PSI of PetroVietnam Securities.

Foreign investors continued to be net sellers on the HoSE to the tune of nearly VND270 billion ($11.5 million). They mainly net sold VND of VNDirect Securities, SSI of Saigon Securities, and DXG of Dat Xanh Group.

The HNX-Index on the Hanoi bourse went up 0.25 points to 210.73, while the UpCOM-Index on the unlisted public company market increased 0.31 points to 77.59.

Comments (0)
  • Read More
Vietnam government's investment arm SCIC receives $326 mln in dividends, profit distributions in 2024

Vietnam government's investment arm SCIC receives $326 mln in dividends, profit distributions in 2024

The State Capital Investment Corporation (SCIC), Vietnam’s government investment arm, received VND8.5 trillion ($325.5 million) in dividends and profit distributions from 43 companies within its portfolio in 2024, according to its latest report.

Companies - Fri, July 18, 2025 | 8:26 am GMT+7

HCMC, Astana International Financial Center promote cooperation to develop Vietnam’s international financial center

HCMC, Astana International Financial Center promote cooperation to develop Vietnam’s international financial center

Vietnam and Kazakhstan are focusing on strengthening cooperation in the financial sector, particularly between Ho Chi Minh City and the Astana International Financial Center (AIFC), located in Kazakhstan's capital.

Finance - Thu, July 17, 2025 | 11:52 pm GMT+7

FTSE Russell praises Vietnam for strong reform efforts

FTSE Russell praises Vietnam for strong reform efforts

Representatives of FTSE Russell, a member of the London Stock Exchange Group, on Thursday said they highly evaluate Vietnam's strong reform efforts and commit to continue accompanying the country in the process of market modernization.

Finance - Thu, July 17, 2025 | 11:40 pm GMT+7

Developer of Southeast Asia’s largest exhibition center has new CEO

Developer of Southeast Asia’s largest exhibition center has new CEO

Tran Mai Hoa, chairwoman of Vincom Retail - the retail arm of Vietnamese private conglomerate Vingroup, has been appointed as new CEO of Vietnam Exhibition Fair Center JSC (VEFAC).

Companies - Thu, July 17, 2025 | 9:35 pm GMT+7

Vietnam’s offshore oil field produces first commercial oil ahead of schedule

Vietnam’s offshore oil field produces first commercial oil ahead of schedule

The Kinh Ngu Trang-Kinh Ngu Trang Nam (White Whale-White Whale South or KNT-KTN) oil field, located in Block 09-2/09 off Vietnam's southern coast, welcomed its first oil flow on Monday, one day ahead of schedule.

Economy - Thu, July 17, 2025 | 4:03 pm GMT+7

Leading developer Becamex vows to develop eco-industrial parks in Vietnam

Leading developer Becamex vows to develop eco-industrial parks in Vietnam

Becamex IDC Corp, a leading urban and industrial park developer based in Ho Chi Minh City, is committed to integrating international sustainability standards into the practical operations of its industrial parks in Vietnam, said CEO Nguyen Hoan Vu.

Industrial real estate - Thu, July 17, 2025 | 3:49 pm GMT+7

Northern Vietnam province to address traffic problem for Foxconn’s plant

Northern Vietnam province to address traffic problem for Foxconn’s plant

Authorities in Vietnam’s northern province of Bac Ninh are working to resolve traffic congestion around the Quang Chau Industrial Park in response to concerns raised by Foxconn, a Taiwanese electronics giant and key supplier to Apple.

Companies - Thu, July 17, 2025 | 3:33 pm GMT+7

China firm plans wind power blade manufacturing project in central Vietnam

China firm plans wind power blade manufacturing project in central Vietnam

China's Zhuzhou Times New Material Technology Co., Ltd is proposing a wind power blade manufacturing project in the south-central coastal province of Khanh Hoa.

Energy - Thu, July 17, 2025 | 3:20 pm GMT+7

Investor awareness key to Vietnam’s stock market status upgrade: regulator

Investor awareness key to Vietnam’s stock market status upgrade: regulator

The Investor introduces the speech by Vu Thi Chan Phuong, chairwoman of the State Securities Commission (SSC), at the seminar "Raising investor awareness towards stock market status upgrade" in Hanoi on Thursday.

Finance - Thu, July 17, 2025 | 11:58 am GMT+7

S Korean firm apologizes for employee's assault in Hanoi

S Korean firm apologizes for employee's assault in Hanoi

South Korea's Segyung Hi-Tech, with a subsidiary in the northern Vietnam province of Bac Ninh, on Wednesday issued a formal apology for its employee making an assault on two Vietnamese women in Hanoi.

Companies - Thu, July 17, 2025 | 10:23 am GMT+7

Vietnam’ steel giant Hoa Phat reports 30% profit surge in Q2

Vietnam’ steel giant Hoa Phat reports 30% profit surge in Q2

Vietnam’s largest steelmaker, Hoa Phat Group, posted after-tax profit of VND4.3 trillion ($164.4 million) in Q2/2025, up nearly 30% compared to both Q2/2024 and Q1/2025.

Companies - Thu, July 17, 2025 | 9:43 am GMT+7

Vietnam's fund management industry has chance to make breakthrough development: exec

Vietnam's fund management industry has chance to make breakthrough development: exec

Tax incentive policies will help people have confidence in investment funds and create a habit of long-term and disciplined investment, writes Nguyen Hang Nga, general director of Vietcombank Fund Management Company Limited (VCBF), a joint venture between state-controlled Vietcombank and Franklin Templeton Investments (FTI).

Consulting - Thu, July 17, 2025 | 8:52 am GMT+7

The Investor's seminar 'Raising investor awareness towards stock market status upgrade' is taking place

The Investor's seminar 'Raising investor awareness towards stock market status upgrade' is taking place

The Investor and its Vietnamese-language sister Nhadautu.vn will hold a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi on Thursday, July 17.

Finance - Thu, July 17, 2025 | 7:30 am GMT+7

Chinese firms seek to develop smart urban areas in Vietnam

Chinese firms seek to develop smart urban areas in Vietnam

Hong Kong-headquartered CCC Infrastructure Co. and Shenzhen-based Hero Group wish to implement real estate projects in Vietnam, including investments in smart urban areas in the northern province of Bac Ninh and the southern province of Tay Ninh.

Real Estate - Wed, July 16, 2025 | 10:25 pm GMT+7

Construction starts on Hoa Nhon Industrial Park in central Vietnam city Danang

Construction starts on Hoa Nhon Industrial Park in central Vietnam city Danang

Local investor Sai Gon-Da Nang Investment JSC (SDN) has started construction on the Hoa Nhon Industrial Park (IP) which covers 24.75 ha in the central city of Danang.

Companies - Wed, July 16, 2025 | 8:34 pm GMT+7

US starts anti-circumvention probe into aluminum containers imported from Vietnam

US starts anti-circumvention probe into aluminum containers imported from Vietnam

The U.S. Department of Commerce (DOC) has initiated anti-circumvention investigations into disposable aluminum containers, pans, trays, and lids imported from Vietnam and Thailand, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.

Companies - Wed, July 16, 2025 | 8:27 pm GMT+7