An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index fell for a seventh straight session on Wednesday, its longest losing streak since late 2018.
The index closed the session at 1,802.91, a 1.51% drop or 27.59 points lower. It has lost 100 points since the start of last week.
Trading on the Ho Chi Minh Stock Exchange increased by 34% to VND33.7 trillion (US$1.29 billion).
The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers fell, with VIC of private conglomerate Vingroup hitting its floor price.
VRE of retail real estate arm Vincom Retail dropped 5.8% while VHM of property giant Vinhomes closed 5.7% lower.
Eleven blue chips gained. MSN of conglomerate Masan Group rose 3.7%, FPT of tech giant FPT Corporation went up 2.4% and GAS of state-owned Petrovietnam Gas saw a 2.3% increase.
Foreign investors were net seller to the tune of VND1.78 trillion, mainly selling HDB of HDBank and ACB of Asia Commercial Bank.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.15%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.62%.
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