Market slumps after long holidays

Vietnam’s stock market opened the fifth month of the year in low note, posting the biggest loss since May 12 last year as investors dumped shares heavily in the trading session on May 4.
Vietnam’s benchmark VN-Index collapsed 17.32 points, or 3.08 percent, to close at 545.08 points with 28 winners, 229 losers, and 25 stocks treading water.
VN30-Index, which tracks the city’s top 30 stocks by market value and liquidity, also plummeted 16.63 points, or 2.8 percent, to 576.52 points. Among the members, there were 29 losers and only one gainer.
In Hanoi, the HNX-Index sank 2.8 points, or 3.38 percent, to finish at 79.95 points. Of the index members, 32 shares advanced, 187 declined, and 151 stalled.
The HNX30-Index plunged 6.73 points, or 4.28 percent, to 150.5 points with 27 stocks sliding and 3 standing still.
The market’s total trading value nearly hit VND2.2 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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