Stocks drag at day’s closing as pessimism grows

Stocks lost ground again in the last minutes of trading on January 21 as investor pessimism mounted amid the unclear market outlook.

Investors follow stock movements at the VNDirect Securities Trading Floor. (Photo: VNA)

On the Hochiminh Stock Exchange, the benchmark VN-Index retreated 0.54 percent to close the January 21 session at 569.12 points.

Blue chips were the main drag as only seven of the top 30 shares by market value and liquidity gained value while 17 saw losses. The VN30, which tracks these stocks, decreased 0.44 percent to finish at 606.53 points.

Waning liquidity dented investor patience. Trading value continued to drop 10 percent from the previous session, totaling nearly 1.64 trillion VND (76.6 million USD), while market volume reached over 83 million shares.

On the Hanoi Stock Exchange, the HNX-Index also slid 0.42 percent to finish at 84.63 points, despite advancers outnumbering decliners by 108-84. The other 175 codes closed unchanged.

Liquidity remained low, with just 39 million shares worth 477 billion VND (22.3 million USD) traded by the end of the session, down 10 percent from the previous day.-VNA

Source: Vietnamplus

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