Investors frown as bourses plunge further

Both bourses in Ho Chi Minh City and Hanoi have not halted their downward slide, as investors continued to sell rather than buy during trading on April 11.

The VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) lost 6.72 points, or 1.23 percent, to close at 539.01 points.

Close to 8.2 million shares changed hands at the value of 413 billion VND at the HoSE, a decrease of around 80 billion VND from the previous session.

The HaSTC-index at the Ha Noi Securities Trading Centre (HaSTC) slipped 3.42 points, or 1.81 percent, to end at 185.62 points.

The bourse saw 2 million shares traded at the value of 84.1 billion VND.

Experts forecast that the market would experience a further dip as investors show confusion about the HSBC bank’s recent report on stock markets in the world and Asia .

The VN-index is forecast to close at 600 points at the end of this year instead of 1,100 points predicted previously.

VNA

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