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
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