Vn-Index Breaks 4-Session Gaining Streak

Vietnam’s benchmark VN-Index fell 0.2% to 1,267.3 points Friday after rising in the previous four sessions.

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 fell 9.42% to VND17.31 trillion (US$661.2 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers dropped.

VIC of private conglomerate Vingroup lost 2.55%, PLX of fuel agen Petrolimex went down 1.54%, and BVH of insurance company Bao Viet Holdings saw a 1.43% decline.

Eight blue chips gained. LPB of Fortune Vietnam Bank was up 4.39%, FPT of tech giant FPT Corporation rose 1.49%, and SAB of brewer Sabeco closed 0.93% higher.

Foreign investors were net sller to the tune of VND88 billion, mainly selling VCB of state-owned lender Vietcombank and VHM of property giant Vinhomes.

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