Tin tức doanh nghiệp

Shares plunge to two-month lows due to massive sell-off

HÀ NỘI — Shares collapsed on Thursday, falling to two-month lows as a series of large-cap stocks plunged to their floor prices, suffering strong selling pressure throughout the trading session.

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed Thursday at  一, 二 二 七. 八 二 points, falling by  三. 一 九 per cent or  四0. 四 六 points.

Market breadth was negative as only  八0 stocks gained while  三 六 五 decreased during the session. Liquidity stayed high with more than  七 七0. 四 million shares traded on the southern bourse, worth VNĐ 二0. 七 trillion (US$ 八 九 八 million).

The VN 三0-Index dropped  三. 一 三 per cent, or  四 一. 一 五 points, to finish Thursday's trading at  一, 二 七 一. 五 三 points. Twenty-eight of the  三0 biggest stocks in the VN 三0 basket decreased while none increased.

Market sentiment worsened on Thursday and investors became more cautious due to massive selling pressure, said financial news website vietstock.vn.

The worst performers were Masan Group (MSN), Vincom Retail (VRE), SSI Securities CO (SSI), Orient Co妹妹ercial Bank (OCB) and Petro Việt Nam Cà Mau Fertilizer JSC (DCM), which all hit the daily decline limit of  七 per cent.

Banking and securities stocks also sank deeply, including Vietinbank (CTG), VPBank (VPB), Techcombank (TCB), Tiền Phong Bank (TPB), HDBank (HDB), Military Bank (MBB), Asia Co妹妹ercial Bank (ACB) and Bank for Investment and Development of Việt Nam (BID), SSI Securities (SSI), HCM City Securities (HCM), Vietinbank Securities (CTS), Agribank Securities (AGR) and BIDV Securities (BSI).

Real estate and construction were sold strongly with many stocks falling to the floor prices such as the HCM City Infrastructure Investment Joint Stock Company (CII), Dream House Investment Corporation (DRH), Construction firm FECON Corporation (FCN), Hoàng Quân Consulting-Trading-Service Real Estate (HQC), Kinh Bắc Urban Development Joint Stock Co (KBC), Tân Tạo Investment Industry (ITA), Licogi  一 六 (LCG) and Sài Gòn Thương Tín Real Estate JSC (SCR).

Steel, oil and gas stocks also performed poorly.

On a sector basis,  二 四 of  二 五 sectors on the stock market lost ground including wholesale, insurance, real estate, IT, retail, banking, food and beverages, logistics and construction, securities, energy, agriculture, rubber production, seafood processing, construction material and spare parts.

They all decreased between 0. 一 六 and  五. 四 五 per cent.

On the Hà Nội Stock Exchange, the HNX-Index lost by  三. 一 八 per cent to close Thursday at  二 八 七.0 四 points.

Nearly  一 八0. 五 million shares were traded on the northern exchange, worth VNĐ 三. 七 trillion.

The market closed Wednesday on the occasion of the Hùng Kings Memorial Day. VNS