Vietnam’s stocks retreat for a second day
Vietnamese shares on July 20 extended losses for a second session as stocks continued to retreat after they had made significant gains in the previous sessions.
Illustrative image (Photo: ngaynay.vn)Hanoi (VNA) – Vietnamese shares on July 20 extended losses for a second session as stocks continued to retreat after they had made significant gains in the previous sessions.
The benchmark VN Index on the HCM Stock Exchange dropped 1.1 percent to finish at 660.26 points, decreasing 2 percent in the last two days.
The HNX Index on the Hanoi Stock Exchange slipped 0.9 percent to close at 85.49 points, down 1.8 percent in total after two sessions.
“The markets fell for a second day as investors continued to seek short-term profits in stocks that had made significant gains recently,” Sai Gon-Hanoi Securities Corp (SHS) wrote in its daily report.
Investors traded more than 17.46 million shares worth nearly 2.9 trillion VND (130.5 million USD), a decrease of nearly 19 percent in trading value from the previous day.-VNA
You should also see
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
See more
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
