Foreign selling leads to slump

The national stock market continued to slump as foreign investors on March 26 extended their total net selling value to 266 billion VND (12.6 million USD) with a total trading volume of 22.6 million shares.
The national stock market continued to slump as foreign investors on March 26 extended their total net selling value to 266 billion VND (12.6 million USD) with a total trading volume of 22.6 million shares.

This nearly tripled the previous day's figure.

An increase in the world oil price to 50 USD per barrel had no effect on the market as the Government decided to keep the national price unchanged.

On the Hochiminh Stock Exchange, foreign investors continued to sell stocks in the VN30 Index, which tracks the south's largest 30 stocks in terms of market value and liquidity.

They recorded most trading volume and value in selling large-cap stocks, including Vingroup Joint Stock Company (VIC), Ma San Group Corporation (MSN) and PetroVietnam Gas Joint Stock Company (GAS).

As a result, the VN30 Index finished at 586.70 points, a decline of 0.59 percent and recorded a trading value of 791 billion VND (37.6 million USD) for nearly 32.8 million traded shares.

The benchmark VN-Index on the day lost 0.85 percent to close at 556.16 points with a total trading volume of only 83.8 million shares, worth 1.66 trillion VND (79.1 million USD).

On the Hanoi Stock Exchange, the HNX30 Index had a slight recovery, rising by 0.06 percent to close at 157.42 points. It recorded a trading volume of 24.6 million shares, worth 303.6 billion VND (14.4 million USD).

The HNX-Index mostly remained unchanged, ending the session at 83.14 points.

Overall, both markets closed the session with a total trading volume of 122.2 million shares and recorded a total trading value of 2.14 trillion VND (101.9 million USD).-VNA

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