VN-Index slips with plunging commercial value
An investor watches stock prices on the screens of a brokerage house in Ho Chi Minh City. Photo by VnExpress / Quynh Tran
Vietnam’s benchmark VN-Index fell 0.62% to 1,333.61 points on Wednesday, as the value of trades on the main exchange plunged into double digits as Covid-19 numbers remain stern.
The index fluctuated around 1340 points throughout the day before closing with a decline of more than 8 points. He has lost nearly 13 points in the last two sessions.
Exchange value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, pjumped nearly 27% to VND 19.58 trillion ($ 857.14 million), the lowest of the past seven sessions.
Vietnam recorded 14,193 new cases of Covid-19 on Tuesday, the third highest since the start of the pandemic.
The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers in the red, led by VPB of private lender VPBank with a decline of 2.4%.
Fuel distributor Petrolimex’s PLX and Ho Chi Minh City-based lender Sacombank’s STB fell 2.2% to their lowest level in nearly two weeks.
BVH of insurance company Bao Viet Holdings and VIC of the largest private conglomerate Vingroup both fell 2%.
The VIC has lost 28% since its peak on April 19.
On the other hand, SSI of leading brokerage SSI Securities Corporation reached a gain of 6.9%, hitting a new high.
Phat Dat Real Estate Development’s PDR rose 1.4%, while steelmaker Hoa Phat Group’s HPG gained 1.2%.
Foreign investors were net sellers for the ninth consecutive session to the tune of VND 446 billion with the greatest pressure on VHM from real estate giant Vinhomes and VIC.
The HNX stock index of the Hanoi Stock Exchange, home to mid and small caps, gained 0.23% while the UPCoM index of the unlisted public companies market fell 0.36%.