Investors follow transactions at Saigon Securities Inc (SSI) in Hanoi (Photo: VNA)
Hanoi (VNA) –The VN-Index slumped sharply to under 900 points on July 5, with falls seen inthe majority of stock codes.
In the closing sessionof the Ho Chi Minh City Stock Exchange (HoSE), the index lost 15.59 points to hit899.4 points. More than 142.9 million shares were sold with a total value ofover 3.67 trillion VND.
The only rises were seenin a mere 71 codes, while 224 others suffered from drops.
On the Hanoi StockExchange (HNX), the HNX-Index also declined 3.6 points to land at 96.39 points,with a total transaction value reaching over 512 billion VND. Prices of 55codes increased, while those of 107 decreased.
Among stocks in theVN30, the top 30 stocks in terms of market capitalisation and liquidity on theHoSE, a rise was seen in only some ticker codes such as ROS, VIC, DHG, and BMP.A drop from 2,000 VND-6,000 VND per share was recorded in the majority of the othercodes.
The downturn in theprices of banks’ shares also pulled the whole market down, which was the sameas shares of oil and gas, and finance groups.
Meanwhile, high saleswere seen in shares of the foreign sector on the HoSE, with total sold sharesreaching 2.2 million, worth 232.4 trillion VND. Of this, VHM earned 94.9billion VND.
On the HNX, foreigninvestors bought over 961,000 shares, worth 16.78 billion VND. VCG bought thelargest amount of shares with 14 billion VND. -VNA
Vietnam’s stock market recorded a memorable trading session on May 18 when total transaction value surpassed 35 trillion VND (1.54 billion USD) on the Ho Chi Minh Stock Exchange (HOSE).
Although May featured a downtrend for Vietnam’s stock market, market capitalisation still rose sharply and the market still has a good outlook in the long term, according to Chairman of the State Securities Commission of Vietnam Tran Van Dung.
The benchmark VN-Index fell 13.63 points from the previous trading day to 947.15 points on July 2 when only 62 stocks saw price hikes and 237 others fell.
Shares plummeted on July 3 as strong selling pressure pushed the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) and the HNX-Index on the Hanoi Exchange (HNX) to hit rock bottom in 2018.
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Investors follow transactions at Saigon Securities Inc (SSI) in Hanoi (Photo: VNA) 
