A bank employee counting a pile of Vietnamese banknotes at Vietcombank’s branch. The bank’s shares rebounded strongly on Monday, cushioning the market’s losses. — Photo kinhtedothi.vn Benchmark indices were mixed on Monday as rising selling pressure in the afternoon session weighed on the market’s sentiment. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) reversed the morning course to fall further on Monday. It dropped 10.82 points, or 0.91 per cent, to 1,171.95 points. It recovered some losses in the morning trade on bottom-fishing demand. Last week, the index had lost more than 11 per cent due to strong sell-off activities. The market’s breadth was still positive as 232 stocks climbed, while 224 stocks declined. Liquidity decreased sharply over the last trading day, with nearly 584.4 million shares traded on the southern bourse, worth VND14.6 trillion (US$631.3 million). The index extended the downtrend as the rising selling force outweighed the … [Read more...] about Market mixed on persistent strong selling force
