Stocks slump as Circular 36 becomes effective

The Vietnam’s benchmark VN-Index flooded in red in the first trading session of February as investors dumped shares heavily as Circular No. 36/2014 which regulates prudential ratios for the operations of credit institutions and foreign bank branches has started to take effect.
The VN-Index fell 5.7 points, or 0.99 percent, to close at 570.37 points. Among the index members, there were 161 losers, 50 winners and 70 stocks remained unchanged.
The VN-Index30, which tracks the city bourse’s top 30 shares by market’s value and liquidity, plunged 8.08 points, or 1.33 percent, to 598.46 points with 26 decliners, no gainers, and 4 stocks treading water.
In the smaller bourse in the north, the HNX-Index also lost 1.33 percent, or 1.14 points, to finish at 84.42 points with 140 shares dropping, 58 climbing, and 169 stalling. The HNX30-Index chopped 1.64 points, or 1 percent, to 162.84 points. Of the index, 20 stocks decreased, 6 increased, and 4 stood still.
Total trading volume in the market nearly reached VND2 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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