Shares plunge on both bourses

The VN-Index fell 1.1 percent to finish on January 22 at 442.85 points.
The VN-Index fell 1.1 percent to finish on January 22 at 442.85 points.

Investors were cautious in the face of the recent correction phase, just 67.3 million shares, worth 888.8 billion VND (42.5 million USD), exchanged hands.

Blue chips led the downturn as 27 of the top 30 shares on the bourse lost value, driving the VN30 down 1.27 percent to stand at 521.19 points.

Tan Tao Industry Investment (ITA) continued to be the most active share on trades of 4.8 million shares, edging down 4.35 percent at 6,600 VND a share.

Foreigners still concluded as net buyers on the HCM exchange on January 22 but their total net buys declined to just 39 billion VND (1.9 million USD).

On the Hanoi Stock Exchange, the HNX-Index fell by a more substantial 2.73 percent to close at 59.49 points.

Trading improved slightly in the south with 78.6 million shares, worth 550.86 billion VND (26.4 million USD), traded, up 50 percent from January 21’s value.

With a whopping 17.5 million shares changing hands on the day, Saigon-Hanoi Hank (SHB) was again the most heavily traded stock nationwide, but the shares gave up 4.5 percent to close at 6,400 VND a share./. VNA

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