VN-Index breaches 550 point level

Vietnam ’s key stock index breached the level of 550 points during the March 21 trading session when the market continued its downward slide.

The VN-Index of the Ho Chi Minh City Stock Exchange lost 19.14 points or 3.39 percent to 545.68 points. A total of 11 million shares were traded for 480 billion VND.

The HaSTC-Index of the Ha Noi Securities Trading Centre also experienced fall, losing 4.25 points or 2.17 percent to 191.92 points. A total of 5.1 million shares were traded at a combined value of 245 billion VND.

The market is forecast to keep its downtrend next week as shares are in oversupply and their prices drop sharply.

VNA

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