An investor watches stock prices on a smartphone at a brokerage house in Ho Chi Minh City. Photo by VnExpress / Quynh Tran.
Vietnam’s benchmark VN-Index fell 0.3% to 1,351.45 points on Friday, ending a winning streak of nine sessions with strong last-minute selling pressure.
The index remained in the green for most of the day and climbed six points at a time, but strong sell volume in the last hour of trading saw it close with a four point decline.
The value of trades on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose nearly 17% to VND 22.5 trillion ($ 979 million). The stock market saw 200 tickers lose and 177 win.
Basket VN30, comprising the 30 largest capped stocks, saw 20 tickers in the red, led by Ho Chi Minh City-based lender Sacombank’s STB with a drop of 2.4, ending a streak of three. winning sessions.
Vietnam Rubber Group’s GVR and leading brokerage firm SSI Securities Corporation’s SSI both fell 1.9%.
The VPB of private lender VPBank also lost 1.9%, dragging the VN-Index down 0.8 points.
On the winning side, VHM from real estate giant Vinhomes rose 2%, while power producer Petrovietnam Power Corporation’s POW closed up 1.9%.
Foreign investors were net buyers for six consecutive sessions to the tune of VND 36 billion with the greatest pressure on SSI and STB.
The HNX stock index of the Hanoi Stock Exchange, home to mid and small caps, was unchanged while the UPCoM index of the unlisted public company market rose 0.4%.
