Shares lose on SBV's exchange rate adjustment
Shares lose on SBV's exchange rate adjustment
Shares tumbled on both national stock exchanges this morning after the State Bank of Viet Nam announced raising the VND/USD exchange rate by 1 per cent to VND21,246 per dollar.
On the HCM City Stock Exchange, the VN-Index lost 3.33 points, or 0.58 per cent, to end at 566.7 points.
The red colour spread across the market, with most of the blue chips shutting down. The VN-Index, tracking the performance of the top 30 stocks by capitalisation and liquidity, lost 0.96 per cent to reach 612.68 points.
Only PetroVietnam Low Pressure Gas Distribution (PGD) managed to advance this morning.
Trading volume and value slightly improved over the previous trading session, with more than 90 million shares changing hands, worth VND1.26 trillion ($60 million).
On the HCM City Stock Exchange, the HNX-Index closed 1.06 per cent lower to reach 76.04 points, and the HNXFF-Index, composed of stocks with a minimum free float rate of 5 per cent, ended 0.98 per cent lower at 76.66 points.
The total trading volume reached VND458 billion ($21.8 million) on the exchange of 47.3 million shares.
The HNX30-Index slid by 1.27 per cent to end at 152.15 points.
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