The VN-Index of Vietnam, which is the country’s benchmark index, experienced a decline for the seventh consecutive session on Wednesday. This represents the most extended losing streak since 2018’s final quarter. The VN-Index wrapped up the session at 1,802.91, marking a decrease of 1.51% or 27.59 points. From the beginning of the previous week, the index underwent a loss of 100 points.
A significant increase of 34% was recorded in the trading volume on the Ho Chi Minh Stock Exchange, reaching VND33.7 trillion (equivalent to US$1.29 billion).
The VN-30 basket, which is a compilation of the 30 most significant capped stocks, witnessed a fall in 16 tickers. The VIC ticker of the private conglomerate Vingroup reached its lowest price point.
In the realm of retail real estate, Vincom Retail’s VRE experienced a decrease of 5.8%, while the VHM of property titan Vinhomes suffered a reduction of 5.7% in its closing price.
On the more positive side, eleven blue-chip stocks recorded gains. Among them, MSN of the Masan Group conglomerate saw a rise of 3.7%, FPT of tech powerhouse FPT Corporation increased by 2.4%, and GAS of the state-owned Petrovietnam Gas experienced a boost of 2.3%.
Foreign investors ended up as net sellers, with a net selling volume reaching VND1.78 trillion. This selling activity mainly targeted HDB of HDBank and ACB of Asia Commercial Bank.
Taking a look at other indexes, the HNX-Index, associated with stocks on the Hanoi Stock Exchange, which mainly includes mid and small cap stocks, recorded a fall of 0.15%. Meanwhile, the UPCoM-Index, representing the Unlisted Public Companies Market, saw an increase of 0.62%.
What is the VN-Index?
The VN-Index is a benchmark index in Vietnam that represents the performance of the country’s stock market.
Which stocks experienced a price decrease?
The VIC of Vingroup, VRE of Vincom Retail, and VHM of Vinhomes were among the stocks that saw a decrease in price.
Which stocks saw a price increase?
Among the stocks that recorded a price increase were MSN of the Masan Group, FPT of FPT Corporation, and GAS of Petrovietnam Gas.
