Investors watch stock indices at Bao Viet Securities Company’s trading floor in Hanoi (Photo: VNA)Hanoi (VNA) – Shares dropped on bothVietnamese markets on the first trading day of the week, following the uneasyglobal market climate.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) edgeddown 18.64 points to close at 970.07 points on March 25. A total of 245.7million shares were traded on the day at a total value of over 5 trillion VND (215.89million USD). There were 78 advancers and 236 decliners.
Meanwhile, the HNX-Index on the Hanoi Stock Exchange (HNX) fell 1.68 points to106.41 points. The northern bourse saw the transaction of over 47.8 millionshares worth 584.7 billion VND (25.24 million USD).
Red margins spread across the board, with no shares in the VN30 group ending ingreen. The worst performers included VRE (down 4.7 percent), VIC (2.9 percent),VHM (2.3 percent), and REE (3.7 percent), among others.
Oil and gas stocks also had a bad trading day as key stocks like GAS, BSR, OIL,POW, PVB, and PVD experienced considerable decreases.
Banking stocks were dipped in red, with VPB sliding 3.8 percent, MBB 3.3percent, SHB 3.9 percent, STB 2.4 percent, and VCB and VIB both down 2.1percent.
Securities shares were not in a better situation as significant codes fell intandem with the market, including SSI (2.5 percent), SHS (3.5 percent), VCI(5.3 percent), MBS (4.2 percent), and HCM (3.9 percent).
However, the market received strong support from foreign investors net buying. Foreign players spent 195.89 billion VND (8.45million USD) net buying over 8 million units on the HoSE, as well as over 1.9million shares at 18.93 billion VND (817,300 USD) on the HNX.
Asian stocks tapered off at the beginning of the week due to investors’ worriesabout US economic recession and the darkening global economy outlook.
Meanwhile, the benchmark Nikkei on the Tokyo Stock Exchange dropped morethan 682 points to 20,945 points due to worries of bad economic growth.
On the Sydney market, the S&P/ASX 200 fell 63.6 points to 6,131 points.China’s key stock markets of Shanghai and Hong Kong were also both in redmargins. –VNA
VNA
