The Dow Jones fell under 10,000 points late last week, fuelling concerns over the EU debt crisis in national stock exchanges, pulling the VN-Index below the psychological 500 mark on June 7.
The index lost ground by 2.64 percent to close the day at 496.89 points, with 51.62 million shares changing hands in the session valued at 1.7 trillion VND (89.5 million USD).
Penny stocks had another rising day, for example Lilama No10 Co (L10) and Sai Gon Beer Transportation Co (SBC) advanced 4.78 and 4.76 percent, respectively.
Blue chips fell, such as Masan Group (MSN) down 4.72 percent, property trader Vincom (VIC) down 3.73 percent. Saigon Securities Inc (SSI), the most active stock of the day with 2.8 million shares, fell 2.45 percent.
On the Hanoi Stock Exchange, the HNX-Index slid 4.26 percent to 154.8 points. Value of day's trade was 1.1 trillion VND (57.9 million USD) on a total volume of 36 million shares.
Ha Tay Pharmaceutical Co (DHT) and Thanh Nam Construction and Investment Co (CSC) saw the highest advances, 6.94 and 6.78 percent respectively. PetroVietnam Construction (PVX) traded the most at 4.3 million shares.
Nguyen Hac Hai, head of analysis at Viet Dragon Securities, said the current debt crisis was like a disease, each country had different treatment but they had to test the treatment. During the test, bad news was likely and investor sentiment was correlative.
Nguyen Thanh Binh, a Hanoi analyst agreed, saying that investors were watching the global situation rather than the local one.
"As a result, they accelerate the sell-off in case the international markets went down, like today."
But when the condition appeared to get better, investors then feared a bull trap. Nguyen Hac Hai, head of analysis at Viet Dragon Securities, said the current debt crisis was like a disease, each country had different treatment but they had to test the treatment./.
The index lost ground by 2.64 percent to close the day at 496.89 points, with 51.62 million shares changing hands in the session valued at 1.7 trillion VND (89.5 million USD).
Penny stocks had another rising day, for example Lilama No10 Co (L10) and Sai Gon Beer Transportation Co (SBC) advanced 4.78 and 4.76 percent, respectively.
Blue chips fell, such as Masan Group (MSN) down 4.72 percent, property trader Vincom (VIC) down 3.73 percent. Saigon Securities Inc (SSI), the most active stock of the day with 2.8 million shares, fell 2.45 percent.
On the Hanoi Stock Exchange, the HNX-Index slid 4.26 percent to 154.8 points. Value of day's trade was 1.1 trillion VND (57.9 million USD) on a total volume of 36 million shares.
Ha Tay Pharmaceutical Co (DHT) and Thanh Nam Construction and Investment Co (CSC) saw the highest advances, 6.94 and 6.78 percent respectively. PetroVietnam Construction (PVX) traded the most at 4.3 million shares.
Nguyen Hac Hai, head of analysis at Viet Dragon Securities, said the current debt crisis was like a disease, each country had different treatment but they had to test the treatment. During the test, bad news was likely and investor sentiment was correlative.
Nguyen Thanh Binh, a Hanoi analyst agreed, saying that investors were watching the global situation rather than the local one.
"As a result, they accelerate the sell-off in case the international markets went down, like today."
But when the condition appeared to get better, investors then feared a bull trap. Nguyen Hac Hai, head of analysis at Viet Dragon Securities, said the current debt crisis was like a disease, each country had different treatment but they had to test the treatment./.
