Stock market plunges
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Vietnam’s benchmark VN-Index dropped 2.15% to 1,065.84 points Tuesday.
The index closed 23.45 points lower after gaining 12.14 points on Monday.
Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 26.65% to VND12.17 trillion ($515.35 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers dropped.
PDR of Phat Dat Real Estate Development hit the floor with a 6.9% fall.
HPG of steelmaker Hoa Phat Group fell 6.6% and NVL of property developer Novaland Group lost 5.2%.
GVR of Vietnam Rubber Group went down 5.1% and SSI of leading brokerage SSI Securities Corporation declined by 4.7%.
Five blue chips bucked the trend.
TPB of private TPBank went up 1.2% and PLX of fuel distributor Petrolimex gained 0.5%.
Foreign investors were net buyers to the tune of VND37.26 billion, mainly buying STB of Ho Chi Minh City-based lender Sacombank and CTG of state-owned lender VietinBank.
The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 2.08% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.55%.
Questions & Answers
Q.Did any companies buck the overall negative trend on the Ho Chi Minh Stock Exchange?
Did any companies buck the overall negative trend on the Ho Chi Minh Stock Exchange?
Yes, five blue chips went against the trend. TPBank (TPB) went up 1.2% and Petrolimex (PLX) gained 0.5%. The article does not name the other three companies that bucked the trend.
Q.What was the activity of foreign investors during the market downturn?
What was the activity of foreign investors during the market downturn?
Foreign investors were net buyers during the downturn, with purchases totalling VND37.26 billion. They primarily bought shares in Sacombank (STB) and VietinBank (CTG).
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