Business

VN-Index nosedives to under 1,000 points in gloomy atmosphere

A gloomy atmosphere spread across the stock market on May 22 when all groups of stocks fell, forcing VN-Index to tumble to below 1,000 points.
VN-Index nosedives to under 1,000 points in gloomy atmosphere ảnh 1An investor passes boards showing share prices at Tan Viet Securities Co. (Photo: VNA)

Hanoi(VNA) – A gloomy atmosphere spread across the stock market on May 22 when allgroups of stocks fell, forcing VN-Index to tumble to below 1,000 points.

On the Ho Chi Minh Stock Exchange (HOSE), thedownward trend on the previous day continued with the selling pressuredominating the market right from the beginning of the trading session.

The benchmark VN-Index fluctuated around 1,000points in the morning and plunged in the afternoon when a supply pressureappeared in all groups of shares.

Among key stocks, VNM continued to move againstthe common trend when investors flocked to buy this share, boosting its priceto the ceiling level of 118,200 VND per share. Others stocks recorded pricedeclines.

Property, insurance and bank stocks witnessedthe strongest decreases of 6.47 percent, 5.74 percent and 4.7 percent,respectively.

The VN-Index lost 29.07 points to 985.91 pointsat the end of the trading session.

While the HNX-Index on the Hanoi Stock Exchange(HNX) ended at 116.72 points, down 2.94 points, the UpCoM-Index on the UnlistedPublic Company Market (UpCoM) fell 1.05 points to 53.73 points.-VNA
VNA
#VN-Index #Vietnam's stock market #Ho Chi Minh Stock Exchange #HOSE #HNX-Index #Hanoi Stock Exchange #HNX #UpCoM-Index #Unlisted Public Company Market #UpCoM #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Shares slump on selling pressure

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.

See more

Illustrative photo (Photo: VNA)

Petrol prices up in latest adjustment

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.

As of the end of March, nearly two million households and individual business owners nationwide were still paying taxes under the lump-sum method. (Photo: VNA)

Abolishing presumptive tax ensures greater fairness and transparency: experts

Under the Politburo's Resolution 68-NQ/TW, the presumptive tax model is to be completely phased out by 2026. The goal is to narrow the financial and accounting gap between household businesses and micro or small enterprises, and to gradually transition household businesses into entities with proper governance structures.

The 2025 Vietnam International Electronics and Smart Appliances Expo (IEAE) will be held in HCM City from May 29 to 31. (Illustrative photo: ieae.com.vn)

HCM City to host int'l electronics, smart appliances expo

Spanning over 10,000 s.q.m, the exhibition will gather more than 350 enterprises from Vietnam and China. It will showcase a wide range of products across the consumer electronics and smart home appliance sectors, offering direct access to manufacturers and promoting trade links.

A wide range of Chinese products are on display at the China Homelife Vietnam 2025 being held at the Saigon Exhibition and Convention Centre from May 14 to 16. (Photo: VNA)

China Homelife exhibition opens in HCM City

A highlight of the event is the VIP Buyer Programme, tailored exclusively for strategic buyers and senior executives, which offers priority access to exhibitors, personalised matchmaking services, private meeting spaces, and premium networking areas.

Visitors at the exhibition (Photo: VNA)

Nearly 900 enterprises join Vietbuild Da Nang 2025

Running from May 14 to 18, Vietbuild Da Nang 2025 serves as a platform to showcase new products, cutting-edge technologies, and international brands in the construction, building materials, real estate, and décor industries.

Delegates at the opening ceremony of the Top Thai Brands 2025 on May 14 in HCM City. (Photo: VNA)

Thailand showcases top brands at HCM City trade fair

The event is expects to welcome some 60,000 visitors during the course of four days. It features sectors such as food and beverages, beauty and wellness, home appliances, fashion, car and motorbike parts, and tourism.

Illustrative image (Photo: Internet)

VinSpeed proposes 61.35 billion USD investment for North–South high-speed railway

VinSpeed commits to mobilising 20% of the total capital, equivalent to 12.27 billion USD. For the remaining 80%, excluding costs related to compensation, relocation support, and resettlement for land clearance, the company proposed borrowing from the state budget, through zero-interest loans, repayable over a 35-year period from the disbursement date.