Two bourses drop for second consecutive session

Vietnamese stock markets reported a sharp fall when many listed share codes massively lost points. However, the market liquidity retained at high level.

On the Hochiminh Stock Exchange (STC), after the first trading session, the VN Index declined by 6.19 points or 1.34 percent to 454.4 points but trading volume remained high with over 5.4 million shares being transferred worth 136.24 billion dong.

The sellers hurriedly took profit, resulting in the fact that most of the orders were matched at below reference prices.

In the last 45 minutes of the session, VN Index lowered the slumping amplitude from 1.5 percent to 0.5 percent. Some large cap share codes jumped such as KBC, PVD, VCB, MSN, HPG, DPM and BVH, supporting the market in avoiding a sharply declining session with 175 codes falling, 52 codes surging and 32 codes standing still.

At closing time, the VN Index plunged 2.15 points or 0.47 percent to end at 458.44 points. The transactions retained at stable level with total matching order trade of over 53.1 million shares for 1.364 trillion dong in value.

Sharing the same scenario, the HNX index on the northern bourse declined by 3.06 points or 2.26 percent to 132.59 points with total market trade of more than 58.67 million shares valued at 1.448 trillion dong. – AtpVietnam

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