Stocks fall despite news about rate cuts

HÀ NỘI — Stocks closed on a bearish note on Wednesday despite the State Bank of Vietnam's expansionary stance on policy rates. VN-Index ended at 1,061.79 points, down 4.06 points (0.38 per cent) compared to the previous session. HOSE was overrun by decliners with 171 stocks losing points, against 149 gaining. Other stocks weighing down indices included Techcombank (TCB), BIDV (BID), Vinamilk (VNM), PetroVietnam Gas (GAS), and Vietnam Rubber Group (GVR). Upbeat investors put their bullish bets on real estate stocks on Wednesday as they were a bright spot in the market.