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Stock market tumbles to record low since 2009
This week's first trading session ended with further falls on both bourses with the VN-Index plummeting 15.05 points (3.48 percent) to 417.42 points and the HNX-Index losing 2.48 points (3.22 percent) to 74.5 points.
This is the 8th and 10th falling sessions in a row on the Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) respectively, driving the two indices to record low since July 2009.
Those benchmark indices plummeted on news reports said the nation’s inflation may accelerate faster than previous estimates, according to Bloomberg.
The country’s consumer prices index will rise no less than 2 percent this month from April after climbing 2.38 percent in Ho Chi Minh City and 1.76 percent in Hanoi in May, Sai Gon Tiep Thi newspaper reported, citing unidentified economists.
The Ministry of Finance’s domestic market department forecast prices will rise by between 1.8 percent and 2 percent in May from April, Phap Luat newspaper reported on April 27.
On the southern bourse, the total matching order trade reached over 31.16 million shares worthVND613.27 billion, up 20.6 percent in volume and 9.29 percent in value against Friday’s trading session.
On the northern bourse, the total market trades reached over 31.33 million shares valued at over VND354.6 billion, rising 21.61 percent in volume and 12.5 percent in value day on day.
By the end of Monday’s trading session, there were 34 gainers and 215 losers on the HoSE and the respective figures on the HNX were 37 and 274.
Foreign investors on HoSE Monday continued their 2nd net-selling session with around 494,680 shares for over VND31 billion, and they continued their 7th net-buying session with 545,300 shares worth over VND7 billion on HNX.
On the southern bourse, foreign investors bought over 3.21 million shares valued at over VND104 billion, up 9.21 percent in volume but slightly down in value against the previous trading session. They sold over 3.7 million shares for over VND146 billion, down 4.25 percent in volume and 7.5 percent against Friday’s.
They focused on net buying REE, CII and SBS-coded shares with over 259,110 shares, 105,600 shares and 100,100 shares respectively. They also focused on net selling STB, VIC and CTG-coded shares with and 208,490 shares, 200,830 shares and 186,140 shares respectively.
On the northern bourse, they bought over 189,000 shares worth over VND9.8 billion, up 19.94 percent in volume and 21.94 percent in value against Friday’s. They sold 243,700 shares for around VND2.8 billion, up 52 percent in volume but up 53 percent in value against Friday’s.
Their net-buying session focused on KLS, THV and PVS-coded shares with 212,200 shares, 108,500 shares and 88,300 shares respectively. They also succeeded in net-selling of AVS-coded shares with 50,000 shares.
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