VN-Index starts week with a 0.4% drop
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Vietnam’s benchmark VN-Index fell 0.40% to 1,274.77 points Monday.
The index closed 5.14 points lower after dropping 21.60 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange decreased by 22% to VND22.990 trillion (US$903.2 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers fell.
MSN of conglomerate Masan Group saw a 2.3% decline, BID of state-owned bank BIDV fell 2.1%, and VIB of private lender VIB closed 2.0% lower.
Eight blue chips gained. SSB of lender SeABank went up 1.8%, followed by POW of electricity producer Petrovietnam Power Corporation with a 1.5% growth and HPG of steelmaker Hoa Phat Group, up 1.2%.
Foreign investors were net seller to the tune of VND790 billion, mainly selling VHM of property giant Vinhomes and HPG of Hoa Phat Group.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.33%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.01%.
Questions & Answers
Q.Which specific companies saw their stock prices drop significantly on Monday?
Which specific companies saw their stock prices drop significantly on Monday?
MSN of Masan Group fell by 2.3%, BID of BIDV dropped 2.1%, and VIB of private lender VIB closed 2.0% lower. These were among the 20 tickers in the VN-30 basket that saw declines.
Q.Which companies were the main targets of foreign investors selling their shares?
Which companies were the main targets of foreign investors selling their shares?
Foreign investors were net sellers, offloading VND790 billion worth of shares. Their main sales were VHM of property giant Vinhomes and HPG of steelmaker Hoa Phat Group.
Q.How did the other Vietnamese stock market indexes perform on Monday?
How did the other Vietnamese stock market indexes perform on Monday?
The HNX-Index, which covers stocks on the Hanoi Stock Exchange, fell by 0.33%. The UPCoM-Index for the Unlisted Public Companies Market saw a smaller decrease, going down by 0.01%.
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