Business

VN-Index plunges below 950 points

SGGP
The Vietnam’s stock market opened week with strong shake on June 17 as blue-chip stocks dropped drastically. Despite selling pressure, there was no dumping on the market.
The VN-Index, sometime, lost nearly 10 points, falling off the 950-point mark as several large-cap stocks, including VIC, VHM, VRE, PNJ, MWG, VJC, FPT and MSN plummeted.
However, there was demand on the market and gas and oil and banking stocks still attracted cash flow.
Noticeably, in the trading session, foreign investors bought positively for nearly VND116 billion. Especially, they mainly collected blue-chip stocks.
The benchmark fell 6.66 point, or 0.7 percent, to close at 946.95 points with 114 stocks increasing, 187 decreasing and 61 remaining unchanged.
Meanwhile, the HNX-Index of the northern bourse edged up 0.04 points, or 0.04 percent, to close at 103.5 points. Of the index members, 52 stocks won, 82 lost and 59 broke even.
Liquidity on the market slightly improved compared to previous trading sessions but remained at low level with total trading volume at 197 million shares, worth VND4.3 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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