Widespread money outflow triggers tumble of indexes
Red coloured the stock market on May 10 when a money outflow was recorded in all groups of shares, leading to a tumble of indexes on the two main bourses.
Indexes plunged on both stock exchanges on May 10 (Photo: VNA)Hanoi (VNA) – Red coloured the stock market on May 10 when a money outflow was recorded in all groups of shares, leading to a tumble of indexes on the two main bourses.
On the Ho Chi Minh Stock Exchange (HOSE), transactions were made prudentially. Supply and demand fluctuated around the reference point of the VN-Index in the morning.
However, the calm disappeared in the afternoon when the sell-off pressure expanded to both large-cap and small-cap shares.
SAB was the only key stock that had its price kept at the reference point of 234,000 VND per share. Other shares experienced a dramatic fall.
Insurance shares moved against the downward trend to increase 1.42 percent in their prices. Meanwhile, bank and securities shares witnessed the sharpest drops, respectively down 5.48 percent and 4.27 percent.
The VN-Index closed at 1,028.87 points, down 28.1 points. The HNX-Index on the Hanoi Stock Exchange declined by 2.91 points to 120.95 points, while the UPCoM Index on the Unlisted Public Company Market (UPCoM) slightly fell by 0.57 points to 56.03 points.
Total transaction value of the whole market approximated 7,456 billion VND (326.9 million USD).-VNA
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