Shares plunge as large-caps tumble
Shares dropped sharply on Monday morning as a series of blue-chip stocks fell amid low trading liquidity.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 2.65 per cent to close at 908.36 points.
The VN-Index had fallen 0.46 per cent last week.
More than 184 million shares were traded on the southern bourse, worth nearly VND3 trillion (US$146.5 million).
The market breadth was negative with 301 gaining stocks and 35 declining stocks.
The large-cap tracker VN30-Index decreased by 3 per cent to close at 842.80 points.
All of the 30 largest stocks by market value and trading liquidity in the VN30 basket declined.
Large-cap decliners included Bao Viet Holdings (BVH), FPT Corporation (FPT), Masan Group (MSN), Vingroup (VIC), Vinamilk (VNM), Vietjet Air (VJC), Mobile World Group (MWG), Bank for Investment and Development of Vietnam (BID), Vietcombank (VCB), Vietinbank (CTG), VPBank (VPB), Techcombank (TCB) and Military Bank (MBB).
On the Ha Noi Stock Exchange, the HNX-Index dropped 3.06 per cent to end at 104.78 points.
The northern market index had fallen 1.50 per cent last week.
Nearly 51.9 million shares were traded on the northern bourse, worth VND530 billion.