The Vietnamese stock market lost steam on October 22 on selling pressure. (Photo: VNA) Hanoi (VNA) – The Vietnamese stock market lost steam by the end ofOctober 22 due to the rising selling pressure.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined 4.85points, or 0.51 percent, to 953.51 points at the end of the trading day.
More than 147 million shares were sold at over 3.64 trillion VND (156.5 millionUSD). There were 110 advancers and 183 decliners. Selling pressure weighed onthe stocks of the Joint Stock Commercial Bank for Foreign Trade of Vietnam(VCB), Masan Group Corporation (MSN), Petrolimex (PLX), Vietnam Dairy Products JSC(VNM), Vietjet Aviation JSC (VJC), and Hoa Phat Corporation (HPG).
PLX experienced the strongest decline of 2.6 percent; followed by VJC at 2.3percent; MSN, 2.2 percent; HPG, 1.6 percent; VCB, 1 percent; and VNM 0.8percent.
Banking and financial service stocks like HCM, SSI, CTG, SHB, TCB, and STB wereamong the worst performers on the day.
Meanwhile, the green margin was dominated by Joint Stock Bank for Investmentand Development (BID), brewer Sabeco (SAB), Novaland (NVL), and Vincom Retail(VRE), which increased 1.2 percent, 0.9 percent, 1.4 percent, and 1.2 percent,respectively.
Regarding the Hanoi Stock Exchange, the HNX-Index slipped by 0.55 points to landat 107.55 points. Over 40 million shares were successfully transacted at morethan 466 billion VND (20 million USD).
There were 60 increasing codes and 85 declining codes on the northern bourse.
Foreign players continued net selling on the day. On the HoSE, foreigners soldover 1.4 million shares with 87.61 billion VND (3.76 million USD). On the HNX,foreign investors net bought 2.16 million stocks valued at 42.43 billion VND(1.82 million USD).–VNA
VNA
