The VN-Index on Ho Chi Minh Stock Exchange dropped 8.65 points to close at 1,148.49 points on April 16 as selling pressure hit many large-cap stocks.

The VN-Index on Ho Chi Minh Stock Exchange drops 8.65 points to close at 1,148.49 points on April 16.

Declining stocks dominated the southern bourse, outnumbering gainers by 149 to 123. Meanwhile, 61 stocks ended flat.

Underperformed large-cap stocks included those of dairy giant Vinamilk (VNM), down 5,700 VND per share, FLC Faros Construction JSC (ROS) which fell 6,800 VND per share, Bao Viet Holdings (BVH) which decreased 800 VND per share.

Two large shares in steel industry, HPG and HSG, extended their reduction of up to 1,100 VND and 750 VND per share, respectively.

Meanwhile, oil and gas stocks regained their shine given slight increase in the stocks of Petrolimex (PLX) and Binh Son Refining and Petrochemical Company (BSR). Meanwhile, OIL, PVB and PVO declined 800 VND, 300 VND and 200 VND, respectively.

Red colour dominated bank stocks with seven codes falling their prices: VPV, VCB, VIB, LPB, CTG, BID and BAB. Large-cap stocks VCB and BID suffered steep cut at 2,000 VND per share.

Many property stocks experienced deep fall like NLV (1,600 VND per share), NDN (1,200 VND per share) and SCR (350 VND per share).

The HNX Index on the Hanoi Stock Exchange fell 0.03 point to 133.31 points.

Foreign investors posted a net buy value of 115.41 billion VND (5.07 million USD) with more than 2.5 million shares on the board.-VNA