VN-Index plunges 22 points amid world financial fluctuations
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), lost 22.04 points, or 2.11%, to 1,023.1 on Monday over the Swiss banking giant UBS's takeover of its rival Credit Suisse.
The main bourse saw 369 stocks losing and only 48 gaining, with more than 567 million shares traded for over VND9.75 trillion ($413.44 million), down 5.21% from the previous trading session last Friday.
The VN-Index lost 22.04 points to 1,023.1 on March 20, 2023. Photo courtesy of VietNamNet newspaper.
The VN30 index, which tracks the performance of the 30 largest-cap stocks, plunged 23.21 points to 1,024.5, with no gainers. In this basket, the banking stocks showed the most negative performance with TPB of TPBank, VCB of Vietcombank, HDB of HDBank, CTG of VietinBank, and STB of Sacombank down over 3%.
Almost all groups of stocks closed in red. The securities group experienced the sharpest fall of 3.62% with VCI of Viet Capital Securities, HCM of Ho Chi Minh Securities, SSI of Saigon Securities, and VND of VNDirect Securities losing 4.92%, 2.32%, 3.94% and 4.33% respectively.
Other groups like real estate, retail, plastic, construction materials, electricity, insurance and steel also closed in red.
Only some tickers of companies engaging in public investment projects gained, including KSB of Binh Duong Mineral and Construction JSC, LCG of Lizen Corp, and CII of Ho Chi Minh City Infrastructure Investment JSC.
Foreign investors turned net sellers after eight consecutive sessions on the HoSE to the tune of over VND346 billion ($14.67 million). They mainly net sold HPG of steel maker Hoa Phat, VIC of Vingroup, VHM of Vinamilk, and STB.
The HNX-Index on the Hanoi bourse went down 2.85 points to 201.62, while the UpCOM-Index on the unlisted public company market decreased 0.41 points to 76.02.
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