VN-Index ends six-session gaining streak

By Huong Dung
Thu, September 7, 2023 | 6:02 pm GMT+7

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE) closed Thursday down 2.36 points, or 0.19%, to 1,243.14 after six consecutive sessions in the green.

The major bourse’s trading value dropped 1.85% from the previous session to VND24.77 trillion ($1.03 billion), with nearly 1.13 billion shares changing hands. The cash flow mainly ran into three main groups: real estate, banking and financial services.

There were 223 tickers rising and 268 losing on the HoSE.

The VN-Index dropped 2.36 points to 1,243.14 on September 7, 2023. Photo courtesy of VietnamFinance.

The VN-Index dropped 2.36 points to 1,243.14 on September 7, 2023. Photo courtesy of VietnamFinance.

The VN30 basket saw 11 blue chips gain and 16 fall. GVR of Vietnam Rubber Group led the gainers with a 1.8% rise, while VIC of private conglomerate Vingroup and VHM of its property arm Vinhomes had the most negative impact on the market, dropping 1.3% and 1.4% respectively.

Meanwhile, the VNMID-Index, representing mid-cap stocks, and the VNSML-Index, which tracks the performance of small-cap stocks, increased by 0.2% and 0.64%, respectively.

While banking and aviation tickers closed in the red, other groups like real estate, securities, energy, retail and manufacturing groups saw a divergence.

Foreign investors were net sellers on the HoSE for the third consecutive session to the tune of VND887 billion ($36.85 million), the highest level in a month. They mainly net sold HPG of steel maker Hoa Phat and SSI of leading brokerage SSI Securities.

The HNX-Index on the Hanoi Stock Exchange, where mid and small caps list, expanded 0.31% to 256.14 points, while the UPCoM-Index on the Unlisted Public Companies Market inched up 0.15% to 94.70.

Comments (0)
  • Read More
Exporters diversify orders to reduce reliance on single market

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the U.S., many Vietnamese businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

Companies - Sun, May 18, 2025 | 7:55 pm GMT+7

Satellite cities seen as a solution to Hanoi's urban expansion

Satellite cities seen as a solution to Hanoi's urban expansion

As Hanoi faces mounting population pressure and land scarcity, satellite cities are emerging as a solution for urban expansion and long-term real estate investment, said experts and industry insiders.

Real Estate - Sun, May 18, 2025 | 7:45 pm GMT+7

Vietnam launches first Napas-Mastercard co-badged card

Vietnam launches first Napas-Mastercard co-badged card

The National Payment Corporation of Vietnam (Napas) and Mastercard has launched the country's first co-badged card, combining domestic and international payment capabilities.

Companies - Sun, May 18, 2025 | 6:59 pm GMT+7

Dai Hung oil field project phase 3 to earn Petrovietnam extra $2.5 bln in annual revenue

Dai Hung oil field project phase 3 to earn Petrovietnam extra $2.5 bln in annual revenue

The Dai Hung oil field project phase 3 offshore Vietnam has begun commercial production and is expected to generate an additional $2.5 billion in annual revenue for state-owned Petrovietnam (PVN) and around $450 million to the state budget.

Companies - Sun, May 18, 2025 | 1:48 pm GMT+7

SCG Chemicals loses $87 mln from Vietnam-based Long Son Petrochemicals in Q1

SCG Chemicals loses $87 mln from Vietnam-based Long Son Petrochemicals in Q1

The $5.2 billion Long Son Petrochemicals (LSP) complex, located in southern Vietnam, eroded THB2.9 billion ($86.7 million) in Q1/2025 net profit of SCG Chemicals (SCGC), an arm of Thailand’s Siam Cement Group (SCG).

Companies - Sun, May 18, 2025 | 10:16 am GMT+7

Vietnam's property major Sun Group starts $1.43 bln urban project in southern Vietnam

Vietnam's property major Sun Group starts $1.43 bln urban project in southern Vietnam

Sun Group, one of the top property developers in Vietnam, on Friday broke ground on a VND37 trillion ($1.43 billion) urban area project in the southern coastal province of Ba Ria-Vung Tau.

Real Estate - Sun, May 18, 2025 | 8:00 am GMT+7

Vietnam, US 'agree on direction' for negotiating reciprocal trade agreement

Vietnam, US 'agree on direction' for negotiating reciprocal trade agreement

Vietnam and the U.S. have reached a high level of agreement on issues of principles, approaches, content orientations, and plans regarding their negotiations for a reciprocal trade agreement, the Vietnamese government's news portal reported.

Economy - Sat, May 17, 2025 | 10:42 pm GMT+7

Q1 profit of Samsung’s 4 major Vietnam plants drops 39% to lowest in decade

Q1 profit of Samsung’s 4 major Vietnam plants drops 39% to lowest in decade

Four major factories of Samsung Electronics in Vietnam posted a total profit of KRW966 billion ($689.4 million) in the first quarter of this year, down 39% year-on-year.

Companies - Sat, May 17, 2025 | 3:30 pm GMT+7

Our prices 30-40% lower than DHL, Viettel Post: Gozo CEO

Our prices 30-40% lower than DHL, Viettel Post: Gozo CEO

Gozo, a Vietnamese logistics startup, currently holds a key competitive advantage: its prices are 30-40% lower than those of major players like DHL and Viettel Post, said Phan Duy Minh, founder and CEO of Gozo Express.

Companies - Sat, May 17, 2025 | 12:27 pm GMT+7

New rules on foreign investors’ acquisition of shares in Vietnamese credit institutions

New rules on foreign investors’ acquisition of shares in Vietnamese credit institutions

Vilaf lawers provide an insight into the government's new Decree 69/2025/ND-CP which amends a number of provisions of Decree 01/2014/ND-CP on foreign investors’ acquisition of shares in Vietnamese credit institutions.

Banking - Sat, May 17, 2025 | 8:17 am GMT+7

Vietnam forecast to become world’s second-largest rice importer by 2025-2026

Vietnam forecast to become world’s second-largest rice importer by 2025-2026

Vietnam is projected to become the world’s second-largest rice importer in 2025-2026, only after the Philippines, as the country must ramp up imports to meet export demand amid falls in domestic production, according to the latest World Agricultural Supply and Demand Estimates, released by the US Department of Agriculture (USDA).

Southeast Asia - Fri, May 16, 2025 | 11:36 pm GMT+7

The Trump Organization gets okay for $1.5 bln property project in northern Vietnam

The Trump Organization gets okay for $1.5 bln property project in northern Vietnam

A $1.5 billion golf, eco-tourism and urban complex proposed by a joint venture between Hung Yen Investment and Development Group and IDG Capital, which represents The Trump Organization, has received in-principle approval from the Vietnamese Government.

Real Estate - Fri, May 16, 2025 | 10:46 pm GMT+7

Vietnam's leading developer Becamex seeks to become billion-dollar company

Vietnam's leading developer Becamex seeks to become billion-dollar company

Becamex, a leading industrial real estate developer in Vietnam, is strongly restructuring itself, attracting more private investment capital, and reducing state ownership, with an aim to become a billion-dollar company.

Companies - Fri, May 16, 2025 | 5:10 pm GMT+7

S Korea's Hanwha Energy eyes more LNG power projects in Vietnam

S Korea's Hanwha Energy eyes more LNG power projects in Vietnam

Hanwha Energy is keen to invest in more LNG-to-power projects in Vietnam, vice president Kim Young-Wook said in a meeting with the country's Ministry of Industry and Trade on Thursday.

Energy - Fri, May 16, 2025 | 3:32 pm GMT+7

Vietnam, Thailand elevate relations to comprehensive strategic partnership

Vietnam, Thailand elevate relations to comprehensive strategic partnership

Vietnam and Thailand have upgraded their relations from a strategic partnership, established in 2013, to a comprehensive strategic partnership.

Politics - Fri, May 16, 2025 | 12:44 pm GMT+7

Vietnam, China firms partner to develop pumped storage hydropower in Vietnam

Vietnam, China firms partner to develop pumped storage hydropower in Vietnam

Vietnam's Power Generation Corporation 2 (EVNGENCO2) and China's Lancang-Mekong International Company Limited (CSG-LMI) have signed an MoU on cooperation to develop pumped storage hydropower projects in Vietnam.

Companies - Fri, May 16, 2025 | 12:27 pm GMT+7