VN-Index Snaps 4-Session Winning Streak

On Friday, Vietnam’s benchmark VN-Index dropped by 0.2%, closing at 1,267.3 points, following an increase over the preceding four days.

The index finished 2.5 points down following an increase of 19.4 points in the preceding session.

Trading on the Ho Chi Minh Stock Exchange dropped 9.42% to VND17.31 trillion (US$661.2 million).

The VN-30 basket, which includes the 30 biggest capped stocks, experienced the removal of 15 tickers.

The shares of Vingroup’s VIC dropped by 2.55%, Petrolimex’s PLX decreased by 1.54%, and Bao Viet Holdings’ BVH fell by 1.43%.

Eight blue chips showed gains. The LPB stock from Fortune Vietnam Bank increased by 4.39%, FPT from tech company FPT Corporation went up by 1.49%, and SAB from brewer Sabeco finished 0.93% higher.

Foreign investors were net sellers amounting to VND88 billion, primarily offloading shares from Vietcombank, represented by VCB, which is a state-owned bank, as well as VHM from Vinhomes, a major real estate company.

The HNX-Index, which tracks mid and small cap stocks on the Hanoi Stock Exchange, decreased by 0.74%, whereas the UPCoM-Index for the Unlisted Public Companies Market rose by 0.45%.