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Total trading volume soared to VND16.16 trillion ($702.44 million), equivalent to an entire average trading day so far in January. VND7.74 trillion worth of these transactions belonged to stocks in the VN30 group of HoSE’s largest caps, whose index also plunged 6.25 percent. … [Read more...] about VN-Index plummets over 74 points

New investors had flocked to the stock market in the past months to ride the VN-Index’s impressive recovery as Covid-19 dampened the charm of other investment channels such as savings and real estate. According to the Vietnam Securities Depository, last December, over 60,000 new accounts were opened at securities companies. … [Read more...] about Panic selling sends VN-Index to biggest losing session in six months

Nguyen Tri Hieu, an economist - PHOTO: NGOC TRAN By the end of last week (January 15, 2021), the stock market in Vietnam was still in growth territory with the benchmark VN-Index ending at 1,194.2 points and the HNX-Index at 225.27. The Saigon Times spoke with economist Nguyen Tri Hieu to get his insight into what is in store for the stock exchanges in Vietnam. Excerpts: … [Read more...] about Economist: VN-Index does not reflect the economy

The benchmark VN-Index of the Hochiminh Stock Exchange lost 60.94 points, or 5.11%, against the session earlier to close the day at 1,131 points. The number of declining stocks was nearly 10 times higher than that of gainers, with 437 decliners, including 112 stocks dropping to the floor prices, and only 44 gainers. … [Read more...] about Stocks drop sharply after a bull run