Stocks lose ground due to decreasing oil price

Vietnam’s stock market flooded in red on April 19 as losing momentum from Asian stock markets and dropping oil price caused pressure on oil and gas shares.
With several oil and gas tumbling, dragging blue-chip stocks with them, the Vietnam’s benchmark VN-Index plummeted 11.58 points, or 2 percent, to close at 568.28 points. Among the index members, there were 55 winners, 188 losers while 65 stocks remained unchanged. Trading volume reached 138 million shares worth nearly VND2.35 trillion.
The VN30-Index lost 9.41 points, or 1.61 percent, to 575.06 points. Trading volume nearly touched 43 million shares worth VND1.04 trillion.
The HNX-Index of the smaller bourse in the north closed down 0.84 points, or 1.04 percent, to 79.42 points with 71 stocks advancing, 145 retreating, and 168 treading water. Trading volume hit 60 million shares worth roughly VND550 billion.
The HNX30-Index slumped 2.13 points, or 1.5 percent, to 140.08 points. Trading volume was at 17 million shares worth nearly VND181 billion.
The UpCoM-Index slid 0.69 points, or 1.17 percent, to close at 57.86 points. Trading volume nearly reached 8 million shares worth VND93 billion.

By Nhung Nguyen – Translated by Thuy Doan

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