Stock dives to 5-week low

1 min readUpdated Apr 26, 2023Apr 26, 20235:45 AM

In this article (5)

Vietnam’s benchmark VN-Index dropped 0.63 percent to 1034.85 points Tuesday, lowest in five weeks.

The index closed 6.51 points lower after losing 1.55 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3% to VND9.42 trillion ($401.14 milllion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers lose.

MSN of conglomerate Masan Group fell 2.7%, followed by HDB of HDBank and NVL of property developer Novaland Group, both with a 2.1% drop.

STB of Ho Chi Minh City-based lender Sacombank lost 2%, and PDR of Phat Dat Real Estate Development closed 1.9% lower.

Only two blue chips gained. HPG of steelmaker Hoa Phat Group rose 1.9% and VCB of state-owned lender Vietcombank went up 0.5%.

Foreign investors were net sellers to the tune of VND139.72 billion, mainly selling VIC of private conglomerate Vingroup and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.00% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.12%.

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Questions & Answers

What was the total value of trading on the Ho Chi Minh Stock Exchange on Tuesday?

Trading on the Ho Chi Minh Stock Exchange increased by 3% to VND9.42 trillion, which equates to $401.14 million. This marked a notable increase in market activity during the day.

Which specific stocks experienced the largest declines within the VN-30 basket?

MSN of Masan Group fell 2.7%, marking the largest drop among the top stocks. HDB of HDBank and NVL of Novaland Group both followed with a 2.1% decrease.

Were foreign investors buying or selling shares on Tuesday, and which companies did they focus on?

Foreign investors were net sellers, offloading shares worth VND139.72 billion. Their primary sales targets were VIC of Vingroup and STB of Sacombank, contributing to the overall market downturn.

How did other Vietnamese stock exchanges perform compared to the VN-Index?

The HNX-Index at the Hanoi Stock Exchange, for mid and small-cap companies, dropped by 1.00%. Conversely, the UPCoM-Index at the Unlisted Public Companies Market managed a slight gain of 0.12%.

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