VN-Index loses nearly 25 points

SGGP
The Vietnam’s stock market plummeted on February 28 along with other Asian stock markets as the two-day summit between the US and North Korea ended with no agreement.

VN-Index loses nearly 25 points

In the morning trading session, the tug of war between sellers and buyers merely caused a decrease of more than 4 points in the VN-Index. In the afternoon trading session, the result of the summit negatively affected investors’ sentiment, unexpectedly spurring selling pressure.
Large-cap stocks were affected heavily with several stocks including HSG, VRE,VGC, NVL, BID,VCG, VJC and SAB losing more than 3 percent.
The Vietnam’s benchmark VN-Index nose-dived 24.8 points, or 2.5 percent, to wrap February at 965.47 points.
On the smaller bourse in the north, HNX-Index fell 1.77 points, or 1.64 percent, to close at 105.86 points with 57 winners, 91 losers and 63 unchanged.
Market liquidity remained at high level with total trading volume reaching 284 million shares, worth VND6 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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