Main index plunges as some 480 stocks end in red
ChandraGarran04 28-01-2021, 18:12
Main index plunges as some 480 stocks end in red

A man monitors stock prices. The VN-Index of the Hochiminh Stock Exchange continued its downward spiral today, January 28, due to forced selling – PHOTO: VNA

HCMC – With losers overwhelmingly outstripping gainers by 478 to 20, the VN-Index of the Hochiminh Stock Exchange continued its downward spiral to close down 73.23 points, or 6.67%, from the day earlier, at 1,023.94 today, January 28, due to panic selling following news of Covid-19 outbreaks.

Over 837 million shares worth VND21 trillion changed hands, up 7% in volume and 25% in value from the previous session. Block deals contributed over VND2.6 trillion to the total value.

In the VN30 basket, lender EIB ended up and reported a matching volume of over 2.1 million shares, while real estate stock NVL dipped by 6.7%. The remaining 28 stocks in the basket plunged to the floor prices.

Steelmaker HPG led the southern bourse by liquidity with some 50 million shares traded, while lender STB came second with a matching volume of 45 million shares.

Foreign investors turned net buyers of some bluechips such as lender STB, steelmaker HPG, bank stock CTG, retailer VRE, housing developer VIC, and consumer goods firm MSN.

In the speculative stock group, many stocks were in negative territory, with real estate company PDR and building material firm VGC falling by over 2.8%.

Facing the same fate, the HNX-Index of the Hanoi Stock Exchange finished the session down 8.04% at 203.05 points, with 29 stocks rising and 214 others declining.

Many large-cap stocks were key drags of the northern bourse, with lender NVB slumping 3.6% and service company THD plummeting by 8.8%.

Bank stock SHB was the most actively traded stock on the market with over 24.8 million shares changing hands, but closed down over 9%.

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