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.
Illustrative photo (Photo: VNA)Hanoi (VNA) – 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.
The HNX-Index on the Hanoi Stock Exchange also dropped 1.61 points to 119.66 points. Meanwhile, the UpCoM-Index on the Unlisted Company Market fell 0.46 points to 54.79 points.
On the day, total transaction value reached 4.24 trillion VND (186.5 million USD). Among the pillar stocks, only VNM ended at reference level, 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 the worst-performing industries, decreasing 5.5 percent and 4.67 percent, respectively.
On the contrary, the machine and equipment sector still drew investors’ attention, with the price of shares up 5.53 percent. -VNA
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