Shares extended losses on April 21, following a week of decline amid investors fearing a further drop.
On the Hochiminh Stock Exchange, the market closed deep in the red, as selling activities dominated the afternoon session following a marginal recovery in the morning.
The VN-Index lost 7.19 points, or as much as 1.27 percent, to land at 558.14 points – the lowest level of the afternoon session.
The trading volume and value continued to be on a steady decline, as only 95.5 million shares worth 1.5 trillion VND (71.4 million USD) changed hands, 25 percent and 34 percent, respectively lower than the average figures recorded last week.
Among the southern bourse's 30 largest shares by capitalisation and liquidity, only three codes that managed to increase were Masan Group (MSN), Sacombank (STB), and Da Nang Rubber Corporation (DRC), while Hoa Phat Group (HPG) and Military Bank (MBB) closed at their reference prices.
Losses registered in the remaining 25 large-cap stocks dragged the VN30-Index down, as it lost 1.2 percent to close at 613.67 points.
FPT Corporation (FPT) dropped 3.7 percent to close at 65,000 VND (3 USD) per share, while Saigon Securities (SSI) slid 5.8 percent to 25,900 VND (1.2 USD) and Hoa Sen Group (HSG) lost 3.4 percent to be traded at 48,300 VND (2.3 USD) after Red River Holding registered to sell 2.9 million shares of HSG.
Other market pillars, such as Vinamilk (VNM), Kinh Do Corporation (KDC), Bao Viet Holdings (BVH), Becamex IJC (IJC), and REE Corporation (REE) were also among the losers.
Overall, on the southern bourse, only 50 codes managed to close higher yesterday, while 186 codes lost value.
The Hanoi Stock Exchange's top stock by capitalisation and liquidity also posted huge losses with the HNX30-Index seen shedding 6.48 points, or 3.98 percent, to finish at 156.56 points.
The HNX-Index dropped 2.13 percent to end the day at 78.87 points, which was also the lowest level recorded during the day, while the HNXFF-Index finished 2.56 percent lower at 79.6 points.
With 74.6 million shares traded, the trading value reached 859 billion VND (40.9 million USD), roughly similar to that recorded in the previous session.
The market fluctuations reflected that the investors still lacked confidence, as they indulged in massive selling soon after the market showed signs of recovery.-VNA
On the Hochiminh Stock Exchange, the market closed deep in the red, as selling activities dominated the afternoon session following a marginal recovery in the morning.
The VN-Index lost 7.19 points, or as much as 1.27 percent, to land at 558.14 points – the lowest level of the afternoon session.
The trading volume and value continued to be on a steady decline, as only 95.5 million shares worth 1.5 trillion VND (71.4 million USD) changed hands, 25 percent and 34 percent, respectively lower than the average figures recorded last week.
Among the southern bourse's 30 largest shares by capitalisation and liquidity, only three codes that managed to increase were Masan Group (MSN), Sacombank (STB), and Da Nang Rubber Corporation (DRC), while Hoa Phat Group (HPG) and Military Bank (MBB) closed at their reference prices.
Losses registered in the remaining 25 large-cap stocks dragged the VN30-Index down, as it lost 1.2 percent to close at 613.67 points.
FPT Corporation (FPT) dropped 3.7 percent to close at 65,000 VND (3 USD) per share, while Saigon Securities (SSI) slid 5.8 percent to 25,900 VND (1.2 USD) and Hoa Sen Group (HSG) lost 3.4 percent to be traded at 48,300 VND (2.3 USD) after Red River Holding registered to sell 2.9 million shares of HSG.
Other market pillars, such as Vinamilk (VNM), Kinh Do Corporation (KDC), Bao Viet Holdings (BVH), Becamex IJC (IJC), and REE Corporation (REE) were also among the losers.
Overall, on the southern bourse, only 50 codes managed to close higher yesterday, while 186 codes lost value.
The Hanoi Stock Exchange's top stock by capitalisation and liquidity also posted huge losses with the HNX30-Index seen shedding 6.48 points, or 3.98 percent, to finish at 156.56 points.
The HNX-Index dropped 2.13 percent to end the day at 78.87 points, which was also the lowest level recorded during the day, while the HNXFF-Index finished 2.56 percent lower at 79.6 points.
With 74.6 million shares traded, the trading value reached 859 billion VND (40.9 million USD), roughly similar to that recorded in the previous session.
The market fluctuations reflected that the investors still lacked confidence, as they indulged in massive selling soon after the market showed signs of recovery.-VNA
