Stock Market Continues down

The VN-Index fell 15.77 points to close at 940.36 at the Ho Chi Minh City Stock Trading Centre today.

Only 67 stocks dropped in price, which was 30 percent fewer than yesterday, but two of the top ten market caps - VSH and VNM - were hit hard by pessimistic investors, hence the big drop in the index.

VSH shed VND2,500, or 4.24 percent, with more than 110,000 shares changing hands, VNM was down by VND6,000 and PPC by VND1,500.

STB, REE, FPT and VIP ended the session unchanged. Indeed, STB and FPT look like they could rebound after their sustained drop in recent times.

VSH and VNM were not the only blue chips to suffer. Today’s session also saw GMD decline by VND2,000, ITA by VND1,000, PVD by VND1,000, NKD by VND10,000 and KDC by VND8,000.

Other stocks like BMC, TCT, TAC, GTA and TRC also went down. Of note is that TRC looks unlikely to recover any time soon as its second-quarter performance was much worse than the first quarter.

By staff writers - Translated by Hoang Uy

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