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Stock market keeps falling
Viet Nam ’s stock market continued its downtrend on the February 29 trading session despite supportive information released by the Government.
The VN-Index of the Ho Chi Minh City Stock Exchange decreased by 14.82 points, or 2.19 percent, to finish at 663.30 points. More than 11 million shares valued at 903 billion VND changed hands.
The stock exchange’s major shares like Saigon Securities (SSI), Imexpharm pharmaceutical (IMP), Refrigeration Electrical Engineering (REE), Cables and Telecom Materials (SAM), and Tuong An Vegetable Oil (TAC) experienced price decline.
The HaSTC-Index of the Ha Noi Securities Trading Centre closed at 228.24 points, 4.14 points or 1.78 percent lower than the previous trading session, with 3.9 million shares being traded for 239 billion VND.
Shares of Song Da 909 (S99) and Saigon Cement (SCJ) registered the sharpest drop of all.
On February 28, Finance Minister Vu Van Ninh told reporters the Prime Minister had requested commercial banks continue offering loans for securities investment within the allowed limit, with about 9 trillion VND still possible, according to the Thanh Nien (Young People) newspaper.
VNA
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