An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index fell 0.14% to 1,272.07 points Tuesday after three sessions in the green, hovering around a seven-week high.
The index closed 1.77 points lower after gaining 3.70 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 14% to VND14.45 trillion (US$570 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers fell.
VIC of private conglomerate Vingroup dropped 1.6%, followed by STB of Ho Chi Minh City-based lender Sacombank, down 1.5%.
VHM of property giant Vinhomes declined by 1.2% and GVR of Vietnam Rubber Group closed 1.1% lower.
Eleven blue chips rose, led by HDB of HDBank with a 3.7% increase.
BVH of insurance company Bao Viet Holdings and FPT of IT giant FPT Corporation both went up 1.7%.
Foreign investors were net sellers to the tune of VND132 billion, mainly selling MWG of electronics retail chain Mobile World and KDC of food producer KIDO Group.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.01%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.18%.
China stocks surged and commodities found support on Tuesday on Beijing’s new promises of rate cuts and a boost to consumption, while the Australian dollar slid and global stocks were wobbly ahead of a crucial U.S. inflation reading, Reuters reported.
Overnight, the S&P 500 fell 0.6% and futures dipped 0.04% in the Asian afternoon.
A 2.5% drop for chip titan Nvidia which edged a fraction lower still in after-hours trade following China opening an antitrust investigation, weighed on the mood.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose a touch, helped by a 0.8% gain for the Hang Seng index and a 1.4% rise in the blue chip CSI300 index.
