Shares bargained away, pushing down VN-Index
The gloomy mood weighed on the stock markets on May 25, the last transaction day of the week, with total transaction value reaching 5.44 trillion VND (239.3 million USD).
Illustrative photo (Photo: VNA)Hanoi (VNA) – The gloomy mood weighed on the stock markets on May 25, the last transaction day of the week, with total transaction value reaching 5.44 trillion VND (239.3 million USD).
On the Ho Chi Minh Stock Exchange (HOSE), the benchmark VN-Index fluctuated around 980 points in the early morning session and dropped to around 960 points at the end of the day.
The sharpest fall was seen among retail shares, at 9.31 percent, followed by those of the mining, convenience and banking sectors, with decreases of 6.26 percent, 5.93 percent and 4.96 percent, respectively.
Notably, VHM of Vinhomes and VIC of property developer Vingroup were sold at a price of 117,500 VND and 107,000 VND per share. Meanwhile, shares of PV Gas (GAS), Vietcombank (VCB), BIDV (BID), Masan Group (MSN), Vietinbank (CTG) and Sabeco (SAB) all dropped, with GAS hitting the floor price of 105,300 VND per share.
At the end of the day, the VN-Index lost 22.02 points to 963.9 points. The HNX-Index on the Hanoi Stock Exchange (HXN) ended at 119.49 points, down 2.58 points, and the UpCoM-Index on the Unlisted Public Company Market (UpCoM) fell 0.75 points to 53.13 points.-VNA
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