Few Buyers at HCMC Bourse

The last four trading sessions at the HCMC Securities Trading Centre resulted in a drop on the VN-Index from 1,001.12 points to 905.5.

Investors watch the board pensively

Many local investors tried to sell off their stocks after rumors spread that the index will fall to 800 points, causing a rapid collapse of the market.

Foreign investors, meanwhile, have recently engaged in a selling trend. In the last three sessions, they bought 4.62 million stocks worth more than US$33 million but sold 5.37 million (US$42 million).

While the difference of US$9 million was small, it nonetheless caused dozens of small investors to panic and sell off their stocks.

Even though the price of stocks went down sharply, there were few buyers. Over the last two weeks, the capitalization of the Vietnamese stock market has declined by an average of US$28 million per session.

Reported by Tuong Chau and Hoang Uy

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.