Illustrative photo (Photo: VNA) Hanoi (VNA) – Vietnamese shares have been inthe red as most large-cap stocks lost steam, caused by the sell-off on theworld’s stock market.
The VN-Index dropped 47.8 points to close at 946.16 points onOctober 11 as the selling pressure hit many large-cap stocks.
The HNX-Index on the Hanoi Stock Exchange (HNX) closed at 107.97 points, down 5.79points. There were only 16 rising codes and 144 declining ones, with 68.74million shares worth over 972.4 billion VND (over 41.82 million USD) beingtraded.
Most large-cap stock codes in the VN30 basket fell, with thelargest drop recorded at HSG, who were down 6.8 percent to 11,700 VND (about 0.5USD) per share. Other codes including HPG, GAS, VRE, VIC, VJC, VNM, ROS, andFPT fell 5.4 percent, 5.8 percent, 5 percent, 4.8 percent, 4.3 percent, 3 percent,5.2 percent, and 4.2 percent, respectively.
VHM, the second-largest stock by market capitalization, also droppedby 5.6 percent.
Among petroleum stocks, all codes lost their prices, including PLX, by 6.1 percent;BSR, 10.8 percent; OIL, 9.8 percent; POW, 7.8 percent; PVB, 9.5 percent; PVC,7.5 percent; and PVS, 9.3 percent.
In the banking group, major stocks like ACB, BID, CTG, TCB,VIB, VPB, MBB, and STB declined sharply, ranging from 5.2 percent to 6.6 percent.Only KLB recorded an increase of 1 percent.
The stock securities sector also saw strong drops, with SSI down 6.4 percent; MBS,6.7 percent; and BVS, 8 percent. The codes SHS, CTS, ART, VND, and VIG hit thefloor price.
As many as 5.86 million shares were soldon the HCM Stock Exchange (HOSE) with a net sell valueof nearly 282 billion VND (over 12.1 million USD). Meanwhile, on the HNX, over1 million shares were traded, with a net sell value of 4.62 billion VND (nearly199,000 USD).
Experts attributed the strong drop in Vietnam’s stock market to the negativeimpact of the world stock market. –VNA
VNA
