Market slump shocks investors
Shares slumped on October 23 after previous day’s rally, surprising a wide range of investors.
Shares slumped on October 23 after previous day’s rally, surprising a wide range of investors.
A total of 315 listed codes declined, with 31 of them hitting bottom, while a total of 112 stocks finished higher. Most of the losers were speculative and low-priced shares. In recent sessions, oil and mineral share prices decreased significantly while real estate, electric equipment and service share prices increased.
At the Hochiminh Stock Exchange, the VN-Index lost more than eight points, or 1.34 percent, to end at 593.53 points. Trading value jumped by 42 percent over October 22 level to reach 2.7 trillion VND (127.3 million USD) on a trading volume of 151 million shares.
The VN30 Index, representing the performance of the 30 largest stocks in terms of capitalisation and liquidity, retreated by 1.1 percent to end at 630.84 points because of the fall of 23 blue chips.
Others lost ground rapidly, including Hoa Phat Group, Kinh Do Confectionery, PetroVietnam Drilling Services, Tan Tao property developer, HCM City Securities and Gemadept logistics company.
At the Hanoi Stock Exchange, the HNX-Index reached 87.31 points, a 1.35-percent decline. Trading value reached 862.2 billion VND (40.6 million USD) on a total volume of 63.9 million shares. The HNX30 Index, comprising the top 30 blue chips, also shed 1.73 percent to end at 174.21 points.
Foreign investors narrowed down their activities in Hanoi, with a net purchase of shares worth 18.2 billion VND (858,400 USD). In HCM City, they achieved net sales of 3.3 billion VND (155,600 USD).-VNA
A total of 315 listed codes declined, with 31 of them hitting bottom, while a total of 112 stocks finished higher. Most of the losers were speculative and low-priced shares. In recent sessions, oil and mineral share prices decreased significantly while real estate, electric equipment and service share prices increased.
At the Hochiminh Stock Exchange, the VN-Index lost more than eight points, or 1.34 percent, to end at 593.53 points. Trading value jumped by 42 percent over October 22 level to reach 2.7 trillion VND (127.3 million USD) on a trading volume of 151 million shares.
The VN30 Index, representing the performance of the 30 largest stocks in terms of capitalisation and liquidity, retreated by 1.1 percent to end at 630.84 points because of the fall of 23 blue chips.
Others lost ground rapidly, including Hoa Phat Group, Kinh Do Confectionery, PetroVietnam Drilling Services, Tan Tao property developer, HCM City Securities and Gemadept logistics company.
At the Hanoi Stock Exchange, the HNX-Index reached 87.31 points, a 1.35-percent decline. Trading value reached 862.2 billion VND (40.6 million USD) on a total volume of 63.9 million shares. The HNX30 Index, comprising the top 30 blue chips, also shed 1.73 percent to end at 174.21 points.
Foreign investors narrowed down their activities in Hanoi, with a net purchase of shares worth 18.2 billion VND (858,400 USD). In HCM City, they achieved net sales of 3.3 billion VND (155,600 USD).-VNA
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