Stock market goes south seventh day

Vietnam’s stock market dropped for seventh consecutive trading session on March 30 as investors continued to sell shares heavily.
The Vietnam’s benchmark VN-Index lost 6.23 points, or 1.13 percent, to close at 545.19 points with 178 decliners, 51 gainers while 64 stocks were unchanged.
The VN30-Index, which tracks the city’s top 30 shares by market capitalization and liquidity, also sank 1.1 percent, or 6.42 points, to finish at 576.6 points. Among the index members, 24 shares decreased, 3 increased, while 3 treaded water.
The HNX-Index of the smaller bourse in the north shrank 0.98 percent, or 0.81 percent, to close at 81.59 points with 134 stocks plunging, 58 rising, and 177 standing still.
The HNX30-Index slipped 2.52 points, or 1.62 percent, to 153.55 points. There were 20 shares going down, 4 going up, and 6 remaining unchanged.
The market’s trading value totaled nearly VND2.5 trillion.
Although the State Bank of Vietnam announced last week that it would steady the US dollar exchange rate with floating range being lowered to 1 percent this year, the exchange rates at commercial banks continued to raise by VND30-35 per dollar on March 30.
The central bank still listed dollars at VND21,350 per dollar for buying and VND21,600 per dollar for selling. The inter-bank average exchange rate was at VND21,458 per dollar.

By Nhung Nguyen – Translated by Thuy Doan

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