Shares tumbled on both the national stock exchanges on April 23 afteran unexpected rebound on the previous day, as investors feared a likelybull trap.
On the Hochiminh Stock Exchange, the VN-Indexslightly dropped by 0.09 percent, or 0.51 points, to end at 569.36points with declined liquidity.
Only more than 71 million shareschanged hands with a total value of 1.2 trillion VND (57.1 million USD),easing 28 percent and 25 percent, respectively, over the previoustrading session.
The April 22 rebound did not last as investorsfeared being caught in a bull trap, thereby resulting in low buyingdemand as sellers were forced to lower stock prices.
On the southern bourse, 77 codes managed to close higher, while up to 152 codes lost values.
Two-thirdsof the market pillars posted losses on April 23, causing theVN30-Index, which tracks the largest stocks by capitalisation andliquidity, to fall by 0.17 percent to end at 629.78 points.
Onthe Hanoi Exchange, the HNX-Index ended at 79.9 points and theHNXFF-Index, composed of stocks with minimum free float rate of 5percent, closed at 81.04 points, respectively dropping 1.19 percent and1.21 percent lower than the previous day.
Losses were registered by blue chips with the HNX30-Index losing 1.89 percent or 3.1 points to end at 160.94 points.
Thetrading volume and value on the northern bourse reached 56 millionshares and nearly 534 billion VND (25.4 million USD), 13 percent and 18percent lower than the previous session.-VNA
On the Hochiminh Stock Exchange, the VN-Indexslightly dropped by 0.09 percent, or 0.51 points, to end at 569.36points with declined liquidity.
Only more than 71 million shareschanged hands with a total value of 1.2 trillion VND (57.1 million USD),easing 28 percent and 25 percent, respectively, over the previoustrading session.
The April 22 rebound did not last as investorsfeared being caught in a bull trap, thereby resulting in low buyingdemand as sellers were forced to lower stock prices.
On the southern bourse, 77 codes managed to close higher, while up to 152 codes lost values.
Two-thirdsof the market pillars posted losses on April 23, causing theVN30-Index, which tracks the largest stocks by capitalisation andliquidity, to fall by 0.17 percent to end at 629.78 points.
Onthe Hanoi Exchange, the HNX-Index ended at 79.9 points and theHNXFF-Index, composed of stocks with minimum free float rate of 5percent, closed at 81.04 points, respectively dropping 1.19 percent and1.21 percent lower than the previous day.
Losses were registered by blue chips with the HNX30-Index losing 1.89 percent or 3.1 points to end at 160.94 points.
Thetrading volume and value on the northern bourse reached 56 millionshares and nearly 534 billion VND (25.4 million USD), 13 percent and 18percent lower than the previous session.-VNA
