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Stock indexes continue downward trend
The Vietnamese stock market experienced losses during the Oct. 13 trading session as the majority of shares continued to fall in value.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index suffered its seventh consecutive fall, dropping 7.39 points, or almost 1.94 percent, to close at 371.67 points.
As many as 12.93 million shares were traded, worth a total of 373.73 billion VND, a decrease of 20 percent in volume and 10 percent in value compared to the previous session.
The market saw only 48 shares rallying to record gains, with 104 falling in value and 10 remaining unchanged.
Meanwhile, the HaSTC-Index at the Hanoi Securities Trading Centre (HaSTC) saw a slight decrease of 0.53 points against the previous session to close at 119.34 points.
A total of 6.85 million shares worth 188.98 billion VND changed hands at the bourse, where 77 stocks fell, 61 shares increased in price, 10 remained unchanged and five saw no transactions.
In this context, Head of the State Securities Commission’s Market Development Department Nguyen Son confirmed that the market will not be shut down.
If the VN-Index dips below the 360-point benchmark, the State Securities Commission will take appropriate measures to reassure investors, Son said.
VNA
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