An investor points at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index fell 0.25% to 1,268.86 points Wednesday while European shares fell.
The index closed 3.21 points lower after dropping 1.77 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 6% to VND15.315 trillion (US$603.2 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers fell.
POW of electricity producer Petrovietnam Power Corporation saw the biggest drop of 2.0%, followed by BCM of Becamex Investment and Industrial Development with a 1.5% decline and MWG of electronics retail chain Mobile World, down 1.3%.
Nine blue chips gained. SHB of Saigon Hanoi Commercial Bank went up 2.4%, HDB of HDBank rose 1.1%, and FPT of IT giant FPT Corporation closed 0.7% higher.
Foreign investors were net seller to the tune of VND179 billion, mainly selling FPT and VRE of retail real estate arm Vincom Retail.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.46%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.02%.
Globally, European stocks eased further from multi-week highs on Wednesday after a series of downbeat corporate updates and as investors awaited U.S. inflation data, Reuters reported.
The pan-European STOXX 600 index had slipped 0.2%, dipping for a second day after touching a seven-week closing high on Monday.
Asian stocks also took a breather ahead of a U.S. inflation reading that is expected to leave the Federal Reserve on course to cut rates again.
