Profit taking pressure weighs on stock market

Selling pressure on the Vietnam’s stock market increased as investors continued to take profits in the trading session on November 24, causing several blue-chip stocks to devalue.
The Vietnam’s benchmark VN-Index slumped 6.16 points, or 1.03 percent, to 593.83 points. Among the index members, 76 stocks climbed, 154 dropped while 80 treaded water. Trading volume nearly reached 170 million shares worth nearly VND2.82 trillion.

The VN30-Index plummeted 6.72 points, or 1.11 percent, to 600.21 points. Trading volume nearly touched 65 million shares worth more than VND1.45 trillion.

The HNX-Index of the northern bourse tripped 0.29 points, or 0.36 percent, to finish at 81.64 points, with 75 gainers, 119 losers, while 178 stocks were flat. Trading volume was nearly 52 million shares worth nearly VND514 billion.

The HNX30-Index dropped 0.68 points, or 0.45 percent, to 149.11 points. Trading volume was at 21 million shares worth nearly VND197 billion.

The UpCoM-Index went down 0.53 points, or 1.03 percent, to 51.28 points. Trading volume nearly hit 3.5 million shares worth VND34 billion.

By Nhung Nguyen – Translated by Thuy Doan

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