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Vietnam’s benchmark VN Index fell 0.78 per cent at the break on Tuesday, with most shares losing ground in extended caution after a net selling session by foreign investors.
All blue-chips declined or stayed unchanged, led by a 2.31-per cent loss in Hanoi-based lender BIDV, and PetroVietNam Gas, Vietnam’s top listed firm by market value, ticked down 0.66 per cent.
Foreign investors were net sellers of 97.5 billion dong ($4.53 million) worth of Vietnamese equities on Monday, having offloaded a net 225 billion dong so far this month, exchange data showed.
“In the short-term, we expect the market is yet to pick up as both domestic and foreign funds seem to be wary and cautious,’’ Vietcombank Securities told clients in a note on Monday.
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