Shares extend losses amid global volatility
Shares extend losses amid global volatility
Shares continued to decline on the two markets this morning, amid investor worry about global stock volatility.
The benchmark VN-Index on the HCM Stock Exchange lost 0.7 per cent to close at 561.5 points, while the HNX-Index on the smaller bourse in Ha Noi edged down one per cent to end at 76.4 points.
The overall market condition was negative, with 38.5 per cent of the 683 trading stocks falling, while only 12.7 per cent increased.
Global stocks, extending from Europe to the United States, were in the red following China's stock market rout yesterday, while oil prices-- at nearly US$32 a barrel – fell to almost their lowest level since April 2004.
In Viet Nam, large-cap stocks such as dairy giant Vinamilk (VNM), Bank for Investment and Development of Vietnam (BID), Saigon Securities Inc (SSI) and Vietinbank (CTG), fell between one and two per cent.
Liquidity was modest, with just about 111 million shares, worth VND1.4 trillion ($62 million), being traded on the two exchanges.
The afternoon session will start at 1pm.
