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Thursday, May 26, 2022

Vietnam index ends down 0.1pc, rebound expected

Vietnam index ends down 0.1pc, rebound expectedHANOI: Vietnam’s benchmark VN Index ended down 0.12 percent on Friday, with most big-cap shares falling in a correction after two consecutive gains earlier this week, led by the banking sector.

Four of the six listed banks dropped, including Hanoi-based Vietcombank, the biggest listed firm by market value, with a 1.94-percent decrease, and lender Sacombank that lost 2.12 percent.

The index, which posted the biggest gain in nearly three weeks on Wednesday and extended the rise the next day, was expected to rebound in coming sessions, traders said.

Copyright Reuters, 2015

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