Markets stumble as investors run away

Vietnam’s benchmark VN-Index plunged for six consecutive trading sessions to a three-month low on November 14 as investors panicked on speculation of further decline.

The shares of 300 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange nosedived 1.15 percent, or 4.56 points, to close at 391.74 points.

On the benchmark, 46 stocks rallied, 190 weakened, while 69 stocks remained unchanged.

Trading volume on the city bourse slightly surged over the previous trading session, as around 37 million shares changed hands at a total value of VND557 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) won the spot of most active share in volume with 1.67 million shares changing hands.

Becamex Infrastructure Development Joint Stock Company (IJC) took the second rank with 1.58 million shares traded.

Refrigeration Electrical Engineering Corporation (REE) followed with 1.25 million shares.

Ntaco Corporation (ATA) receded for six straight trading sessions, shattering 18.03 percent to finish at VND10,000.

Viky Plastic Joint Stock Company (VKP) ruined 0.09 percent to close at VND1,000.

Basa Joint Stock Company (BAS) closed down 7.14 percent to close at VND1,300.

Vietnam Sun Corporation (VNS) jumped 5 percent to close at VND23,100.

Information & Networking Technology Join Stock Company (CMT) snapped its three-day losing streak, revitalizing 4.84 percent to close at VND6,500.

Thuan Thao Corporation (GTT) recovered 4.55 percent to VND6,900.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north plummeted 1.81 percent, or 1.15 points, to close at 62.45 points. Trading volume improved by 130 percent over the previous trading session as around 48.6 million shares changed hands at a value of VND390 billion.

The UPCoM-Index of unlisted shares shrank 0.17 percent, or 0.05 points, to 29.22 points at 1:40 pm Vietnamese time. A total of 64,640 shares changed hands at a value of VND455 million.

By Thuy Doan

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