VN-Index closes 3rd session in red

Vietnam’s benchmark VN-Index dropped 0.64% to 946 points Wednesday, its third straight session in the red.

The index closed 6.12 points lower after losing 8.53 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 53% to VND7.86 trillion ($316.36 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers dropped.

NVL of real estate developer Novaland Group and PDR of Phat Dat Real Estate Development continued to hit floor price with a 7% decline.

HPG of steelmaker Hoa Phat Group also fell by the same rate.

Other decliners included SSI of leading brokerage SSI Securities Corporation, down 3.4%, and TPB of private TPBank, down 3.1%.

Twelve blue chips gained, with STB of Ho Chi Minh City-based lender Sacombank rising 3.6%, and BID of state-owned lender BIDV gaining 2.6%.

Foreign investors were net buyers to the tune of VND57.10 billion, mainly buying STB and PVS of PetroVietnam Technical Services Corporation.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.88% while the UPCoM-Index at the Unlisted Public Companies Market was down by 1.11%.