Stock tracks Wall Street plunge
Wall Street's overnight decline cast a catastrophic shadow on the
Vietnamese stock market on August 12, with benchmark indices on both
national stock exchanges declining sharply and over 90 percent of shares
shedding value.
Wall Street's overnight decline cast a catastrophic shadow on the
Vietnamese stock market on August 12, with benchmark indices on both
national stock exchanges declining sharply and over 90 percent of shares
shedding value.
On the HCM Stock Exchange, the VN-Index fell 3.18 percent to close at 448.40, the market's lowest point since last December 17, while on the Hanoi Stock Exchange, the HNX-Index plunged by 5.1 percent to just 130.03 points.
A massive sell-off pushed up trading volume on both exchanges.
Volume rose 24 percent over the previous day's session on the HCM City exchange, reaching 49.2 million shares worth a combined 1.3 trillion VND (68.4 million USD). On the Hanoi exchange, volume was up 21 percent to nearly 37.5 million shares, while the combined value of trades hit 885 billion VND (46.6 million USD).
The southern bourse saw, shares fall straight from the opening bell with blue chip leading the fall. Decliners outnumbered advancers by 236-8, with over 180 shares hitting their floor prices.
Refrigeration Electrical Engineering Corp (REE) was the most-active share on the HCM City bourse on a volume of 2.3 million shares. REE closed down 3.55 percent to 16,300 VND (0.86 USD).
North Kinh Do Food Co (NKD) was among the few shares to buck the prevailing tide, closing up 1.26 percent to 40,000 VND (2.11 USD) per share as investors expected solid earnings from sales in the upcoming Mid-Autumn Festival.
In Hanoi , 286 codes closed down while only 20 shares managed to gain in value.
PetroVietnam Construction (PVX) was the most-active share nationwide on a volume of 6.4 million but plunged by 5.49 percent to 22,200 VND (1.17 USD) per share.
Foreign investors were net buyers on both bourses, picking up a net of 1.3 million shares worth a combined 60.6 billion VND (3.2 million USD)./.
On the HCM Stock Exchange, the VN-Index fell 3.18 percent to close at 448.40, the market's lowest point since last December 17, while on the Hanoi Stock Exchange, the HNX-Index plunged by 5.1 percent to just 130.03 points.
A massive sell-off pushed up trading volume on both exchanges.
Volume rose 24 percent over the previous day's session on the HCM City exchange, reaching 49.2 million shares worth a combined 1.3 trillion VND (68.4 million USD). On the Hanoi exchange, volume was up 21 percent to nearly 37.5 million shares, while the combined value of trades hit 885 billion VND (46.6 million USD).
The southern bourse saw, shares fall straight from the opening bell with blue chip leading the fall. Decliners outnumbered advancers by 236-8, with over 180 shares hitting their floor prices.
Refrigeration Electrical Engineering Corp (REE) was the most-active share on the HCM City bourse on a volume of 2.3 million shares. REE closed down 3.55 percent to 16,300 VND (0.86 USD).
North Kinh Do Food Co (NKD) was among the few shares to buck the prevailing tide, closing up 1.26 percent to 40,000 VND (2.11 USD) per share as investors expected solid earnings from sales in the upcoming Mid-Autumn Festival.
In Hanoi , 286 codes closed down while only 20 shares managed to gain in value.
PetroVietnam Construction (PVX) was the most-active share nationwide on a volume of 6.4 million but plunged by 5.49 percent to 22,200 VND (1.17 USD) per share.
Foreign investors were net buyers on both bourses, picking up a net of 1.3 million shares worth a combined 60.6 billion VND (3.2 million USD)./.
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
