Mon. Nov 28th, 2022

The market plummeted suddenly in the last 20 minutes of trading on April
10 despite rising for almost the entire session, pushing the VN-Index
down by nearly 14 points, or 2.74 percent, to close at 496.50 points.

An unexpected reduction of the gasoline price on April 9 helped
lift shares on the Ho Chi Minh Stock Exchange in the morning, but
massive sell-offs of blue chips towards the end of the afternoon pulled
the market down.

The VN30, tracking the top 30 shares by market
capitalisation and liquidity, fell by a more significant 30.5 percent
to stand at 558.37.

Five of the top 30 shares dropped to the
floor price, including Bao Viet Holdings (BVH), PetroVietnam Finance
(PVF), Ocean Group (OGC), Vietcombank (VCB) and Southern Rubber Industry

Other heavy weight shares such as Vinamilk (VNK), Hoa Phat Group ( HPG ) and FPT Corp (FPT) also fell hard.

Foreign investors concluded the day as sellers on the southern
market, unloading 65.23 billion VND (3.1 million USD) worth of shares.

Trading improved with 69 million shares exchanged, worth over
1.43 trillion VND (68.1 million USD) an increase of 10 percent in volume
and 30 percent in value compared to the previous day’s levels.

Tan Tao Investment Industry (ITA) was still most active code by the end
of the session exchanged. It fell 4.23 percent to close at 6,800 VND a

On the Hanoi Stock Exchange, the HNX-Index also went
down 1.69 points, with total trading value of 445 billion VND (21.2
million USD).

Sai Gon-Hanoi Bank (SHB) shares continued to be
traded actively with nearly 15 million shares changing hands. The stock
decreased 5.5 percent to settle at 6,900 VND a share.-VNA

By vivian