A Masan pork-processing factory in Ha Nam Province. MSN was one of the stocks behind the downward trend on Thursday. — Photo baodautu.vn Stocks sank during Thursday's market meltdown amid strong selling forces. On the Ho Chi Minh Stock Exchange (HOSE), the VN-Index fell steadily to 1,074.52 points, down 29.74 points (2.69 per cent) against the previous session. The market was overrun by decliners as their headcount reached 315, against 53 advancers. Remarkably, 59 stocks hit floor prices and just five sat at the other end. "Stocks retreated so quickly. The upward trend was fragile whereas the downward trend was robust," said an investor. HOSE was slack on Thursday since investors traded just VND9.8 trillion worth of shares on the exchange (US$410 million). The VN30-Index echoed the VN-Index pattern with a loss of 36.02 points (3.22 per cent), ending the session at 1,081.36 points. In the basket, 28 stocks slid, one stayed flat and one climbed. Hoa Phat Group (HPG) led … [Read more...] about Market plunges on bearish sentiment
