Foreign investors weaken markets

Foreign investors were net sellers on March 23 as they sold a total value of 120 billion VND (5.7 million USD) and traded nearly 23 million shares, dragging large-cap shares and the national stock market down.
Foreign investors were net sellers on March 23 as they sold a total value of 120 billion VND (5.7 million USD) and traded nearly 23 million shares, dragging large-cap shares and the national stock market down.

On the Hochiminh Stock Exchange, the VN30 Index, capturing the south's largest 30 shares in terms of market value and liquidity, finished at 598.07 points, a decline of 0.94 percent. It recorded a trading value of 925 billion VND (44 million USD) for over 48 million traded shares. Among those shares, losing shares outnumbered gaining shares by 22 to three.

As a result, the benchmark VN-Index March 23 lost 0.79 percent to close at 570.89 points with a total trading volume of only 99.5 million shares, worth 1.84 trillion VND (87.6 million USD).

FLC Joint Stock Stock Company (FLC) traded the most with over 23 million shares at 11,700 VND, an increase of 4 percent, and the Minh Phu Seafood Joint Stock Company (MPC) was the top gainer, increasing 6.95 percent to 100,000 VND.

On the Hanoi Stock Exchange, 27 HNX30 Index shares declined and three remained unchanged. The index decreased by 1.99 percent to close at 159.72 points, and recorded a trading volume of 29.5 million shares, worth 389 billion VND (18.5 million USD).

The HNX-Index declined 1.4 percent to close the session at 83.94 points. KLF Joint Venture Global Investment Joint Stock Company (KLF) was the most active code with a total trading volume of 9.7 million shares, while Book and Educational Equipment Joint Stock Company (STC) was the top gainer with an increase of 10 percent in share value to close at 19,800 VND.

Overall, both markets closed the session with a total trading volume of 147 million shares and recorded a total trading value of 2.4 trillion VND (114.3 million USD).-VNA

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