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Market opens new week on a steep fall, VN-Index loses over 35.6 points
Shares opened a new week on a negative note with all sectors falling deeply.
On the Hồ Chí Minh Stock Exchange, the benchmark VN-Index declined 3.16 per cent, equivalent to 35.64 points, to 1,091.27 points.
The market breadth turned into negative territory after increasing last week. In the morning session, 380 stocks went down with 14 stocks hitting the maximum daily loss of 7 per cent, while only 67 stocks increased.
The 30 large-cap tracker VN30-Index also lost 3.35 per cent, equivalent to nearly 40 points, to 1,096.27 points. Twenty-eight of 30 biggest stocks in the southern market fell, and only two stocks climbed.
Of which Vingroup JSC posted the biggest loss, down 4.19 per cent. Followed by Vietcombank (VCB) and Vinhomes JSC, which decreased by 4.3 per cent and 3.32 per cent, respectively.
Many other stocks witnessed a fall of more than 3 per cent like Vietinbank (CTG), VPBank (VPB), No Va Land Investment Group Corporation (NVL), Việt Nam Dairy Products JSC (VNM), and FPT Corporation (FPT).
On the Hà Nội Stock Exchange, the HNX-Index reported a small loss of 0.56 per cent, equivalent to just 1.25 points, to 222.59 points. The HNX30-Index also declined by 2.14 per cent to 331.75 points.
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