Stocks slumps, US dollar climbs

After recovering for more than two points in the previous trading session, the Vietnam benchmark, VN-Index, lost another six points in the trading session on December 15 as several stocks plummeted.

At the end of the trading session, the benchmark fell by 6 points, or 1.08 percent, to 547.93 points with 124 losers, 90 winners, and 71 stocks remaining unchanged.

The VN30-Index, which tracks the top 30 shares by market value and liquidity, also declined 5.41 points, or 0.89 percent, to 603.92 points with 18 stocks decreasing, 7 increasing, and 5 treading water.

Hanoi’s HNX-Index of the smaller bourse in the north clipped 0.31 points, or 0.37 percent, to 84.24 points. Among the index members, there were 88 decliners, 101 advancers, while 176 stocks were unchanged.

Total trading volume in the market merely touched VND2.3 trillion.
In related news, commercial banks on December 15 raised the US dollar exchange rate by VND10-40 per dollar compared to last week. Some banks even lifted their rates by VND50 per dollar.

By Nhung Nguyen – Translated by Thuy Doan

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