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VN-Index closes the year down
Friday,  2/1/2019, 18:04 

VN-Index closes the year down

By Phuong Thao

HCMC – Domestic stocks fell for the third consecutive session ahead of the upcoming traditional Lunar New Year holiday today, February 1, with the VN-Index of the Hochiminh Stock Exchange losing 1.98 points, or 0.22%, at 908.67.

Turnover on the southern market stayed low as investors kept their mind on the week-long holiday. Trading volume rose a slight 6% versus the day earlier at 140.7 million shares while value expanded 11% at VND3.9 trillion.

VIC, leading real estate group, was the key factor behind the market decline, shedding 4.9% at VND98,800 on matching volume of 2.1 million shares. The property sector also made the most negative moves for dipping 3.8%.

In contrast, stocks in the insurance sector supported the main index, gaining 1.8% as a whole.

The HNX-Index of the Hanoi Stock Exchange rose for the fourth straight session, adding 0.46 point, or 0.44%, at 103.34. The northern bourse saw 15.3 million shares worth VND169.6 billion changing hands at the end of the day, shrinking 24% and 27% against Thursday, respectively.

Foreigners net bought VND164.9 billion worth of shares on the HCMC market, chiefly shares of brewery company SAB and retailer VRE. On the Hanoi exchange, the investors net bought VND4.8 billion, mainly shares of petroleum technical service firm PVS.

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