Breaking News

JD Sports secures $1.1 billion agreement for expansion into American market Report on AI Innovations, Funding, and Products in Q1 2024 Police body camera footage captures officers rescuing dogs at Fairfield business complex Yves Klein Explores the Tangible World at Lévy Gorvy Dayan IOCL Chooses Lummus’ Cumene Technology for their Operations

This article reports on the performance of the Vietnamese stock market, specifically the VN-Index and VN30-Index. On this particular day, the market saw a significant drop in value with all 30 blue-chip codes closing below reference. The electricity sector was particularly affected during trading, with stocks opening below reference and struggling throughout the morning. Despite selling pressure, stock holders did not drastically lower prices, while buyers were only listing at low price ranges.

In the afternoon session, there was a slight recovery near reference before 2:00 p.m., but this was short-lived as selling pressure increased sharply in the middle of the afternoon. This led to many stocks retreating and caused a decrease in both indices by over 10 points. Selling pressure continued until the close, with the VN-Index falling 15.57 points to 1,271.47 points and the VN30-Index losing over 18 points.

Market liquidity remained high with transaction value on HoSE exceeding 27,400 billion VND. In terms of large capitalization group blue-chip stocks closed below reference with notable declines in banking, consumer goods and steel sectors being seen in GVR, CTG and MWG respectively. Some stocks from Vingroup group only lost a small percentage of market price while red also dominated mid-cap group particularly in real estate and construction sectors. However some stocks from fertilizer, oil and gas and seafood sectors remained in green color during this challenging session for investors.

Overall, this article highlights that despite fluctuations across various sectors of Vietnam’s stock market it is clear that red dominated on this day with many blue chip stocks closing below reference while buying pressure remained limited due to low price ranges listed by buyers leading to an overall challenging session for investors looking to buy into these markets.

Vietnam’s Stock Market Reported Nearly 16 Point Drop Amidst Red Domination

Leave a Reply