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 10when a money outflow was recorded in all groups of shares, leading to a tumbleof indexes on the two main bourses.
On the Ho Chi Minh Stock Exchange (HOSE),transactions were made prudentially. Supply and demand fluctuated around thereference point of the VN-Index in the morning.
However, the calm disappeared in the afternoonwhen the sell-off pressure expanded to both large-cap and small-cap shares.
SAB was the only key stock that had its pricekept at the reference point of 234,000 VND per share. Other shares experienceda dramatic fall.
Insurance shares moved against the downwardtrend to increase 1.42 percent in their prices. Meanwhile, bank and securitiesshares witnessed the sharpest drops, respectively down 5.48 percent and 4.27percent.
The VN-Index closed at 1,028.87 points, down28.1 points. The HNX-Index on the Hanoi Stock Exchange declined by 2.91 pointsto 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 marketapproximated 7,456 billion VND (326.9 million USD).-VNA
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Indexes plunged on both stock exchanges on May 10 (Photo: VNA) 
