Vietnamese shares declined on April 13 as the market reversed quickly at the end of the trading session, dragged down by blue chips in banking and energy.
Vietnamese shares decline on April 13 as the market reversed quickly at the end of the trading session. (Photo: VNA)
Hanoi (VNA) -Vietnamese shares declined on April 13 as the market reversed quickly at theend of the trading session, dragged down by blue chips in banking and energy.
The benchmark VN Index on HCM Stock Exchange dropped 1.35 percent to close at1,157.14 points. It had risen 0.51 percent on April 12.
The HNX Index on the Hanoi Stock Exchange fell 1.69 percent to end at 133.34points, extending its downtrend from the previous 1.13 percent decline.
More than 246 million shares, worth 8.1 trillion VND (359 million USD), weretraded on the two local exchanges.
Declining stocks dominated the two bourses, outnumbering gainers by 286 to 192,showing investor confidence was quite low.
Large-cap stocks underperformed as the VN30 Index lost 0.81 percent to reach1.134,21 points, with 21 declining stocks against nine gainers among the 30largest stocks by market capitalisation.
Across the stock market, banking, securities, mining, retail and insurance werethe worst-performing industries.
Their indices declined between 0.4 percent and 4.1 percent, according tovietstock.vn.
ܫ The UPCOM Index on the Unlisted Public Company Market (UPCoM) lost 0.59 toclose at 59.32 points, totaling a five-day decline of 2.17 percent.-VNA
The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) continued the upward trend on April 6 when it gained nearly 7 points to move closer to the 1,200 point benchmark.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnamese shares decline on April 13 as the market reversed quickly at the end of the trading session.
