Two investors follow the stock index at the VNDirect Stock Exchange (Source: VNA)Hanoi (VNA) –Vietnam’s benchmark VN-Index fell after a four-day rally, dragged down byfinancial-banking, retail and agricultural stocks.
The VN-Index on the HCM Stock Exchange dropped 0.38 percent to close at 952.77points after gaining a total of 3.1 percent in the previous four sessions.
The HNX-Index on the Hanoi Stock Exchange lost another 0.56 percent to end at105.56 points. The northern market also lost 0.56 percent on July 31.
More than 249.3 million shares were traded on the two exchanges, worth 5trillion VND (225.5 million USD). The figures were down 11.7 percent in volumeand 1.1 percent in value compared to July 31.
Large-cap stocks finished the day in negative territory with the blue chip VN30Index down 0.54 percent at 939.31 points and 17 of the 30 largest stocks bymarket capitalisation declining.
The retail sector index fell 2.1 percent, and the agricultural sector indexdropped 2.6 percent, data on vietstock.vn showed. The figures forbanking, insurance and brokerage industries were down between 0.1 percent and0.5 percent.
Among the decliners were digital retailer Mobile World (MWG), Phu NhuanJewellery JSC (PNJ), Vietinbank (CTG), MBBank (MBB), Hoang Anh Gia Lai (HAG)and its sub-unit HAGL Agrico (HNG).
Other stocks that performed poorly and had negative impacts on the stock marketincluded logistics firm Gemadept (GMD), IT group FPT Corp (FPT), DHGPharmaceutical JSC (DHG) and budget carrier Vietjet (VJC).
Net foreign selling was another element driving the market down on August 1.Foreign investors sold 226.25 billion VND, about four times the figure from theprevious two sessions.-VNA
