Vietnam’s benchmark VN Index dropped 0.9 per cent to close at its lowest since February 10, with most blue-chips losing ground, led by the banking sector.
Shares of Hanoi-based Vietcombank, the country’s biggest lender by value, fell 3.81 per cent to 35,300 dong ($1.65), the lowest close since February 5, while BIDV declined 1.61 per cent.
Food producer Masan Group decreased 2.3 per cent to a closing low of more than one month, while confectionery firm Kinh Do Corp outperformed the market to jump 5.84 per cent on shareholders’ approval for its cash dividend plan.
Kinh Do will pay 20,000 dong per share or a 200-per cent dividend, the firm said in a statement posted on its Web site last Friday.