Selling pressure continues to drag market down

With several banking and oil and gas shares plummeting, the Vietnam’s stock market fell drastically in the trading session on November 30.
The Vietnam’s benchmark VN-Index shrank 9.66 points, or 1.66 percent, to close at 573.2 points with 56 winners, 165 losers while 88 stocks were unchanged. Trading volume nearly reached 133 million shares worth more than VND2.1 trillion.

The VN30-Index retreated 8.65 points, or 1.46 percent, to 581.94 points. Trading volume nearly touched 58.4 million shares worth more than VND1.14 trillion.

Meanwhile, the HNX-Index of the smaller bourse in the north lost 0.88 points, or 1.07 percent, to finish at 80.61 points. Of the index, 62 stocks advanced, 149 declined, while 162 were unmoved. Trading volume nearly hit 50.1 million shares worth nearly VND541.5 billion.

The HNX30-Index also weakened 2.13 points to 149.91 points. Trading volume exceeded 23 million shares worth about VND281 billion.

The UpCoM-Index contracted 1.51 points, or 2.98 percent, to 49.15 points. Trading volume was above 2.6 million shares worth more than VND14.2 billion.

By Nhung Nguyen – Translated by Thuy Doan

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