Shares slump on selling pressure

Selling pressure embraced the whole stock market on May 21, pushing the VN-Index on the Ho Chi Minh Stock Exchange (HOSE) down to 1,014.98 points, a fall of 25.56 points as compared with the previous day.
Shares slump on selling pressure ảnh 1Illustrative photo (Photo: VNA)

Hanoi (VNA) – Selling pressure embraced the wholestock market on May 21, pushing the VN-Index on the Ho Chi Minh Stock Exchange(HOSE) down to 1,014.98 points, a fall of 25.56 points as compared with theprevious day.

The HNX-Index on the Hanoi Stock Exchange also dropped 1.61points to 119.66 points. Meanwhile, the UpCoM-Index on the Unlisted CompanyMarket fell 0.46 points to 54.79 points.

On the day, total transaction value reached 4.24 trillionVND (186.5 million USD). Among the pillar stocks, only VNM ended at referencelevel, while others saw decline, including property developer Vingroup (VIC)hitting its bottom of 114,400 VND.

Across the stock market, real estate and insurance were theworst-performing industries, decreasing 5.5 percent and 4.67 percent, respectively.

On the contrary, the machine and equipment sector still drewinvestors’ attention, with the price of shares up 5.53 percent. -VNA
VNA

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