VN-Index ends 3-session gaining streak
Vietnam’s benchmark VN-Index lost 8.24 points, or 0.66%, to close at 1233.99 on Wednesday, ending its streak of three consecutive gaining sessions.
Trading value on the Ho Chi Minh Stock Exchange (HoSE), represented by the index, also dropped nearly 7% from the previous session to VND21.7 trillion ($913.7 million).
The major bourse saw 215 gainers and 276 losers, with close to 1.1 billion shares changing hands.
Blue chips were the main force dragging down the VN-Index, as their VN-30 index fell 7.79 points to 1,239.84, with up to 27 tickers declining. Of which, VHM of property giant Vinhomes dropped 3.5%, GVR of Vietnam Rubber Group 2%, MWG of electronics retail chain Mobile World 1.87%, and VNM of dairy giant Vinamilk 1.88%.
The VN-Index lost 8.24 points to close at 1233.99 on August 9, 2023. Photo courtesy of New Hanoi newspaper.
HPG of steel giant Hoa Phat and STB of Sacombank were the only two gainers in the basket, comprising the 30 largest caps in the Vietnamese stock market.
Meanwhile, small-cap stocks swam upstream as their VNSML-Index gained 0.4%.
The steel group showed the best performance, with HPG up 2.21%, HSG of Hoa Sen Group 2.14%, NKG of Nam Kim Steel Corporation 1.56%.
Most banking stocks closed in the red, except STB, which gained 4.7% to VND31,200 ($1.31) following information about its plan to sell a 32.5% stake at the Vietnam Asset Management Company (VAMC) in the fourth quarter of this year at a minimum price of VND32,000-34,000 ($1.35-1.43) per share.
Securities tickers were also bad performers, with SSI of Saigon Securities losing 1.72%, VCI of Viet Capital Securities 1.36%, HCM of Ho Chi Minh City Securities 2.08%, FTS of FPT Securities1.67%, BSI of BIDV Securities 1.94%, and CTS of VietinBank Securities 1.9%.
Real estate, manufacturing, energy and aviation codes saw a divergence, while those of retail firms plunged.
Foreign investors turned net buyers on the HoSE to the tune of VND328 billion ($13.8 million). They mainly net purchased HPG of steel maker Hoa Phat and MSN of Masan Group.
The HNX-Index at the Hanoi Stock Exchange went down 0.19 points to 245.88, while the UPCoM-Index at the Unlisted Public Companies Market rose 0.16 points to 93.80 points.
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