Vietnam’s stock market index ended lower Monday for the fifth straight day as investors sold on concern about a sharp fall in the coming days, traders said.
Many investors were thinking about a downtrend after foreign experts warned about a significant correction in the market, a trader said, adding that they rushed to cash out.
VN-Index today lost 18.4 points, or 1.69%, to 1,072.16.
The market volume totaled 6.1 million shares valued at VND832.7 billion, compared with nearly 7 million shares valued at VND953 billion last Friday.
PPC was the most active stock today, falling 1.3% to VND74,000 on a trade of 935,820 shares.
STB, the second most active stock, dropped 5% to the floor price at VND152,000 with 869,960 shares changing hands. Traders said it fell after rising more than 111% so far this year.
Blue chip FPT shed 2.7% to close at VND540,000 on 107,630 shares matching orders.
Some other blue chips also ended down, such as CII down 2.6%, KDC 1%, REE 1.8%, SAM 3.9%, SJD 4.6%, VIP 2.6% and VSH 1.3%.
Statistics from the Vietnam’s stock exchange showed that 86 stocks ended lower, of which 61 slid to the floor prices.
Meanwhile, only nine stocks closed higher.
The blue chip SJS was the most advancer, rising 4.9% to the ceiling at VND406,000 on 196,040 shares traded.
The runners-up were HRC and BMC, both rising 4.9% to their ceiling at VND405,000 and VND409,000, respectively.
The market heavyweight ITA also lost 2.1% to close at VND144,000 on 122,190 shares traded.
The fund certificate BRUBF1 closed down 4.9% to the floor price at VND15,700 on 513,530 units matching orders, while the fund certificate VFMVF1 fell 4.9% to its floor price at VND42,800 on 755,780 certificates. (VSE)
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