Tuesday, May 24, 2022 4:48:46 PM - Markets open
VN-INDEX 1,233.38 +14.57/+1.20%
HNX-INDEX 305.96 +5.30/+1.76%
UPCOM-INDEX 93.12 -0.51/-0.54%
Share plunge as Omicron worries rattle investors
Vietnam News - 12/4/2021 10:15:52 PM
 (0 ratings. You must sign in to rate.)
 Vietnamese shares plunged on Friday as the spread of the Omicron coronavirus variant dampened investor sentiment, triggering worries about hits to a nascent economic recovery.
 
The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) lost 2.61 per cent to end at 1,443.32 points.
 
It had lost 0.21 per cent to end Thursday at 1,482.05 points.
 
The market's breadth was negative with 61 stocks rising, while 415 slid.
 
Market liquidity declined compared to the previous session as investors poured over VNĐ33 trillion (US$1.4 billion) into the southern exchange, equivalent to a trading volume of 1.1 billion shares.
 
The 30 biggest stocks tracker VN30-Index lost 2.39 per cent, to end at 1,503.98 points. Twenty-eight in the VN30 basket decreased, while one increased.
 
Strong selling pressure appeared, causing a series of large stocks to plunge, some stocks were even dragged down to the floor prices. Becamex (BCM) fell to the floor price at VNĐ49,300 per share, The Việt Nam Rubber Group (GVR) fell 5.6 per cent to VNĐ36,500 per share, Bank for Investment and Development of Vietnam (BID) dropped 5 per cent to VNĐ42,000 per share, Bảo Việt Holdings (BVH) slid 4.6 per cent to VNĐ57,800 per share.
 
Banking stocks also fell and put great pressure on the overall market, with losers including Sài Gòn Thương Tín Commercial Joint Stock Bank (STB), Sài Gòn-Hà Nội Bank (SHB), Asia Commercial Bank (ACB), Military Bank (MBB) and Vietinbank (CTG), VPBank (VPB), Techcombank (TCB), Tiên Phong Bank (TPB) and Liên Việt Post Bank (LPB).
 
The securities group were the worst performers with 18 stocks falling, six stocks hitting the floor prices and only one gainer. Việt Nam Bank For Industry & Trade Securities JSC (CTS), Bank for Investment & Development of Vietnam Securities Company (BSI), VIX Securities Joint Stock Company (VIX), Việt Dragon Securities Corporation (VDS) and Agribank Securities Corporation (AGR) all plummeted to the floor prices. Industry-leading codes such as SSI Securities (SSI), Ho Chi Minh City Securities Corporation (HCM) or VNDirect (VND) also plunged from 6-6.7 per cent.
 
On the Hà Nội Stock Exchange (HNX), the HNX-Index lost 1.96 per cent to end Friday at 449.27 points.
 
During the trading session, nearly 153.8 million shares were traded on HNX, worth nearly VNĐ4 trillion. — VNS
 
Read original article here
 
Newer News
20/05 Why the stock market sell-off when VN’s economy is strong?
20/05 Shareholders concerned about bank stocks
18/05 HoSE to provide odd-lot trading starting from June
16/05 SSC prioritises stabilising solutions for stock market
11/05 Real estate companies issue no bonds in April
04/05 Market likely to extend losses this week
27/04 Shares recoup half of Monday's loss on strong bargain hunting
23/04 Shares make gains on the back of bank, real estate stocks
23/04 Việt Nam’s daily stock trading value ranks second in ASEAN
18/04 Market likely to recover this week on bottom-fishing
Older News
04/12 Vietnam continues to meet US Treasury criteria for not being labelled as currency manipulator
25/11 Shares advance on the back of bank stocks
24/11 Shares rebound on strong buying demand
24/11 HoSE to develop other covered warrant products
22/11 Stock market to be turned into main medium and long-term capital channel
18/11 VN-Index surpasses 1,480 benchmark
15/11 Shares to go up on high demand
15/11 2021's profit outlook mostly reflected in stock prices: FiinGroup
03/11 Shares climb on the growth of banking and real estate
01/11 Market expected to hit new highs this week
 
Newsletter Signup
Top Stories
Why the stock market sell-off when VN’s economy is strong?
Shareholders concerned about bank stocks
HoSE to provide odd-lot trading starting from June
SSC prioritises stabilising solutions for stock market
Market expected to inch higher this week
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,233.38 +14.57/+1.20%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.