An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index closed 0.70% lower Thursday afternoon after reaching a near two-month high Wednesday.
The index closed 9.2 points lower after gaining 7.9 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange, on which the index is based, rose 4.6% to VND26.41 trillion (US$1 billion).
The VN30 basket, comprising the 30 largest capped stocks, saw 24 tickers fell.
BCM of Becamex Investment and Industrial Development and LPB of Fortune Vietnam Bank both dropped 2%.
STB of Ho Chi Minh City-based lender Sacombank declined by 1.7% and BVH of insurance company Bao Viet Holdings closed 1.6% lower.
Four blue chips bucked the trend, with GAS of state-owned Petrovietnam Gas and VHM of property giant Vinhomes both rising 1.2%.
Foreign investors were net buyers to the tune of VND114 billion, mainly buying VIX of VIX Securities and MWG of electronics retail chain Mobile World.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 0.69% while the UPCoM-Index for the Unlisted Public Companies Market fell 0.31%.
