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An investor appears at inventory costs on the screens at a brokerage in Ho Chi Minh Metropolis. Photograph by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index plunged 1.35 p.c to 1,502.35 factors Thursday, lowest in 5 periods, as Asian markets dropped with forecasts of slower progress because of the Russia-Ukraine disaster.
The index stayed within the pink all through the day and closed 20.55 factors decrease after gaining almost 3 factors Wednesday.
Most main Asian indexes, together with the Nikkei 225 and Dangle Seng Index, closed within the pink after the Asian Improvement Financial institution stated in a report that progress in growing Asia will probably be slower this yr than beforehand thought because the conflict in Ukraine is predicted to derail financial restoration within the area nonetheless reeling from the Covid-19 pandemic.
The VN30 basket, comprising the 30 largest capped shares, noticed 24 tickers within the pink, led by VJC of funds airline Vietjet and VRE of retail actual property arm Vincom Retail, each with a 2.8 p.c drop.
VJC is now lowest in a month, and VRE has hit a seven-day backside.
PNJ of Phu Nhuan Jewellery misplaced 2.5 p.c after reaching a brand new peak Wednesday.
MWG of electronics retail chain Cellular World closed 2.4 p.c decrease, whereas NVL of actual property developer Novaland Group dropped 2 p.c.
Six blue chips gained, with POW of electrical energy producer Petrovietnam Energy Company rising 1.5 p.c and ACB of Asia Business Financial institution 1.2 p.c.
International buyers have been internet sellers to the tune of VND526 billion, primarily promoting VHM of actual property big Vinhomes and HPG of steelmaker Hoa Phat Group.
The HNX-Index for shares on the Hanoi Inventory Alternate, residence to mid and small caps, misplaced 1.17 p.c, whereas the UPCoM-Index for the Unlisted Public Corporations Market fell 0.88 p.c.
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