Business

Vietnam’s stocks stay down for fifth day

Vietnamese shares ended down slightly on July 25, falling for a fifth day on both local exchanges as investors remained cautious towards the current market slowdown.
Vietnam’s stocks stay down for fifth day ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnamese shares ended down slightly on July 25, falling for a fifth day on both local exchanges as investors remained cautious towards the current market slowdown.

The benchmark VN Index on the HCM Stock Exchange and the HNX Index on the Hanoi Stock Exchange inched down 0.1 percent each to finish at 649.30 points and 84.00 points, respectively.

The southern market index has totaled a five-day loss of 3.6 percent and the northern market index has slumped 3.5 percent during the same period.

Large-cap stocks on both exchanges were the main reason that drove the market down on July 25, Sai Gon-Hanoi Securities Corp (SHS) wrote in its daily report.

Also the day, the central bank raised its reference mid-point rate by 7 VND to 21,888 VND for a US dollar.-VNA

VNA
#Vietnam’s stocks#dơn#market slowdown#VN Index#HCM Stock Exchange#HNX Index
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