Shares slump on selling pressure

The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) dropped 43.08 points to 1,076.78 points on April 23, representing a decrease of 3.85 percent. 

Illustrative photo (Photo: VNA)

Illustrative photo (Photo: VNA)

A total of 218 million shares worth over 7.1 trillion VND (312.4 million USD) were traded on the HOSE. 

On the Hanoi Stock Exchange (HNX), the HNX-Index declined 4.86 percent from 6.44 points to 124.16 points. More than 71.6 million shares valued at some 1.2 trillion VND (52.8 million USD) were traded on the exchange. 

Twenty four of the top 30 largest shares by market value and liquidity (VN30) declined while three, comprising VinGroup (VIC), Vietjet Air (VJC), and Mobile World Group (MWG), advanced. 

Across the stock market, oil and gas, banking, securities and real estate were the worst-performing industries on the day, with oil and gas, and bank stocks sharply decreasing. 

On the HOSE, foreign investors were net buyers of 1.94 million shares, while selling shares worth a net value of over 38.7 billion VND (1.7 million USD). 

Meanwhile, on the HNX, foreign investors turned into net sellers of 1.56 million shares against their net buy value of 34.5 billion VND (1.5 million USD).


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