Vietnamese shares on July 20 extended losses for a second session as stocks continued to retreat after they had made significant gains in the previous sessions.
Hanoi (VNA)🦂 – Vietnamese shares on July 20 extended losses for a second session as stocks continued to retreat after they had made significant gains in the previous sessions.
The benchmark VN Index on the HCM Stock Exchange dropped 1.1 percent to finish at 660.26 points, decreasing 2 percent in the last two days.
The HNX Index on the Hanoi Stock Exchange slipped 0.9 percent to close at 85.49 points, down 1.8 percent in total after two sessions.
“The markets fell for a second day as investors continued to seek short-term profits in stocks that had made significant gains recently,” Sai Gon-Hanoi Securities Corp (SHS) wrote in its daily report.
Investors traded more than 17.46 million shares worth nearly 2.9 trillion VND (130.5 million USD), a decrease of nearly 19 percent in trading value from the previous day.-VNA
More stocks with outstanding growth rates joined 'Club 100' (stock valued from 100,000 VND each on the bourses), along with the gain of the local market.
Vietnamese shares on July 15 fell for a second day as energy firms suffered from lower oil prices and investors continued to seek profits in large-cap stocks.
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Vietnamese shares on July 19 retreated from previous day ’s gains as individual companies declined on bad news in their business activities and lower oil prices extended losses for a second day.
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Illustrative image (Photo: ngaynay.vn)
