VN-Index declines nearly 1 percent

SGGP
The Vietnam’s benchmark VN-Index curbed a two-day winning streak on July 8 due to losing trend on Asian stock market as strong US job report tempered hopes the Federal Reserve might cut interest rate soon.

VN-Index declines nearly 1 percent

The benchmark sometime lost 12 points in the afternoon trading session. However, by the end of the trading session,  the market slightly recovered, lessening losses to just nearly 9 points.

In this trading session, foreign investors returned to net buy more than VND170 billion.

The VN-Index sank 8.99 points, or 0.92 percent, to close at 966.35 points. There were 108 stocks winning, 189 losing while 59 remaining unchanged.

In Hanoi, the HNX-Index of the northern bourse trimmed 0.57 points, or 0.55 percent, to finish at 103.81 points with 52 stocks advancing, 87 retreating and 54 standing still.

Liquidity on the market remained at low level with total trading volume on both trading floors merely reaching 182 million shares, worth VND3.8 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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