VN-Index tumbles on selling pressure

The Vietnam’s benchmark VN-Index fell off 600-point mark in the trading session on November 23 as investors continued to dump shares heavily.
 
The VN-Index slashed 4.47 points, or 0.74 percent, to close at 599.99 points with 101 winners, 121 losers while 88 stocks remained unchanged. Trading volume exceeded 153 million shares worth nearly VND2.26 trillion.
 
The VN30-Index declined 4.23 points, or 0.69 percent, to 606.93 points. Trading volume nearly touched 46 million shares worth more than VND1 trillion.
 
Meanwhile, the HNX-Index of the smaller bourse in the north gained 0.35 points, or 0.43 percent, to finish at 81.94 points. Of the index, 103 stocks increased, 90 decreased, while 179 were unmoved. Trading volume nearly hit 53.7 million shares worth nearly VND540.5 billion.
 
The HNX30-Index also rallied 0.84 points, or 0.57 percent, to 149.79 points. Trading volume was above 24.2 million shares worth about VND238.6 billion.
 
The UpCoM-Index inched up 0.13 points to 51.82 points. Trading volume reached 1.6 million shares worth VND10 billion.
 
In related news, the State Securities Commission of Vietnam has allowed Hai Phong Securities Company and A Au Securities Company to merge into Hai Phong Securities Company. This is the third merger of securities companies in Vietnam’s stock market. 

By Nhung Nguyen – Translated by Thuy Doan

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