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Banking & Finance

VN-Index takes late tumble

Released at: 18:07, 24/03/2016

VN-Index takes late tumble

All Indexes down on March 24, with the VN-Index seeing its largest fall in more than a month.

by Hung Khanh

Vietnam’s stock market saw all four indexes finish down on March 24. On HSX the VN-Index fell 4.05 points (0.70 per cent) and the VN30-Index 3.29 points (0.57 points), while on HNX the HNX-Index lost 0.34 points (0.42 per cent) and the HNX30-Index 1.11 points (0.77 per cent).

The fall in the VN-Index was the largest for more than a month.

It fell more than one point in the middle of the morning session before recovering to peak at 577.10 points at the beginning of the afternoon session. In the final two hours of the afternoon session, however, it slid dramatically and closed at 570 points.

The VN30-Index finished down 0.57 per cent overall and 0.7 per cent in the afternoon alone. MSN and VNM rose 2.1 per cent and 0.7 per cent, respectively, but were unable to cover losses in other large caps.

Banking shares had a tough time of it, with the three largest caps - BID, VCB, and CTG - falling 2.27 per cent, 1.86 per cent, and 1.74 per cent, respectively. STB, meanwhile, was down 2.83 per cent and MBB 0.68 per cent while EIB closed at its opening price.

GAS, HPG, VIC and FPT also fell, by 2.8 per cent, 1.7 per cent, 0.7 per cent, and 0.6 per cent, respectively.

Foreign investors net sold by VND27 billion ($1.2 million) on HSX while net buying on HNX by VND15 billion ($671,850).

Photo: TVSI

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