VN-Index loses 3 points after 4 winning sessions

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), dropped 2.95 points, or 0.28%, to close at 1,053 on Friday, ending a four-session gaining streak.

The main bourse saw 135 gainers and 256 losers, with nearly 508.6 million shares changing hands for over VND8.7 trillion ($367.4 million), a decrease of VND2 trillion from the previous session.

The VN30 index, which tracks the performance of the 30 largest-cap stocks, went down 3.08 points to 1,047.2, with up to 20 tickers down and only eight up.

Red overwhelmed almost all groups, including banking, securities, oil and gas, real estate and insurance. Notably, the banking group recorded only five gainers and up to 16 losers.

Tourism and aviation stocks maintained their gaining momentum following the information about China’s inclusion of Vietnam in the list of countries to which group tours will resume on a trial basis from March 15.

RIC of Royal International Corp, DAH of Dong A Hotel Group, PDC of Phuong Dong Petroleum Tourism JSC, and CTC of Hoang Kim Tay Nguyen Group JSC hit their ceiling prices; while HVN of national flag carrier Vietnam Airlines, VTD of Vietourist JSC, and VNG of Thanh Thanh Cong Tourist JSC closed in green.

Foreign investors continued to be net purchasers for the fourth consecutive session to the tune of nearly VND420 billion ($17.7 million) on the HoSE, 2.2 times higher than the previous session.

The HNX-Index on the Hanoi bourse went down 1.17 points to 207.86, while the UpCOM-Index’s fell 0.23 points to 76.83 in the unlisted public company market.