Vingroup 's VIC shares fell nearly 2% in today's trading session (March 8) after five consecutive sessions of either holding steady or rising in price.
Mr. Pham Nhat Vuong - Chairman of Vingroup - "instantly lost" 553 billion VND when this stock fluctuated. The billionaire's assets are estimated at approximately 30,969 billion VND, based on the closing price of VIC shares (44,800 VND/unit).
Shares of "Vingroup" stocks such as VHM and VRE also fell by 1.5% and 2.3% respectively during the day. The decline in this group of stocks was not the only phenomenon of decline today.
Stocks fell sharply during the trading session on March 8 (Illustrative image: Hai Long).
The VN-Index unexpectedly fell 21.1 points on March 8th compared to the previous day, marking the sharpest decline since November 24th, 2023. The VN-Index was dominated by red, with 408 stocks declining and only 89 rising. The HNX-Index followed a similar trend, falling by more than 1 point, with 112 stocks declining and 62 rising.
The VN-30 basket was also dominated by red, with 29 stocks declining and only 1 rising. The banking sector faced strong selling pressure, with many stocks experiencing sharp declines such as BID (down 4.1%) and CTG (down 3.6%). At one point, BID's share price even hit the floor, closing at 51,100 VND per unit.
Continuing its upward trend from the morning session, BCM shares of Becamex Industrial Development Corporation (Becamex IDC) bucked the market trend and were the only gainers in the VN30 index.
Closing in positive territory, BCM shares rose 0.4% to 69,300 VND per unit. The company reported positive business results in 2023 with a profit of 2,441 billion VND, a 44% increase compared to the previous year. The company is also planning to purchase additional IJC shares of Becamex IJC to increase its ownership beyond the current 49.76% stake.
Foreign investors continued to be net sellers on the HoSE with a value of nearly 665 billion VND, focusing on a number of large-cap stocks such as VNM (126 billion VND), VPB (105.9 billion VND), KBC (80.4 billion VND) and VND (66.9 billion VND).
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