Selling power drags down VN Index
Selling power drags down VN Index
The rise in selling power and market caution made the VN Index on the HCM Stock Exchange lose 11.43 points, or 1.84 per cent, to close at 609.63 points.
The southern bourse traded 75 million shares, worth VND1.48 trillion (US$67.9 million), with the losers heavily outnumbering the gainers by 187 to 31.
The latest report about the Trans-Pacific Partnership Agreement (TPP) not being finalised made the beneficiary shares in the textile and garment and seafood industries to fall sharply.
Among these shares, Hung Vuong Corporation (HVG), Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) and Nam Viet Joint Stock Company (NAV) fell to their floor values after the market opened.
Most of the key and leading stocks such as banks, gas firms, brokerage companies and blue chips stayed flat or below the values registered last Friday, except Ma San Group Corporation (MSN) that gained 0.55 per cent.
On the Ha Noi Stock Exchange, the HNX Index closed the morning session at 83.1 points, a decrease of 2.03 points or 2.39 per cent.
The afternoon session will start at 1pm.
