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VN-Index down sharply in morning session

Released at: 15:12, 05/02/2018 Stock Market Watch

VN-Index down sharply in morning session

Source: VnEconomy

Index down nearly 3% as global and regional markets also see some form of correction.

by My Van

VCB, GAS, MSN, VIC, and VNM were the five poorest performers on the VN-Index in the morning session on February 5, while ROS was the most active share, increasing VND400 ($0.017). No investors bought normally "hot" stocks such as PVS and PVD.

Regional markets also fell sharply and had some effect on Vietnam’s stock market.

Foreigners were net sellers in the morning session, by more than VND100 billion ($4.4 million).

With a decline of nearly 3 per cent, the VN-Index saw the strongest correction among Asian stock indexes, with a larger fall than in the Philippines (2.78 per cent), Japan (2.42 per cent), South Korea (1.18 per cent). and Thailand (1.26 per cent).

The VN-Index fell 32.57 points (2.95 per cent) to 1,072.47 points in the morning session, the HNX-Index by 2.42 points (1.95 per cent) to 121.55 points, and the UPCoM-Index by 1.11 points (1.88 per cent) to 57.75 points. Liquidity was 177 million units and VND4.9 trillion ($215.7 million).

Sales pressure rose towards the end of the session. Blue chips such as VIC, MSN, BVH, HPG, VCB, GAS, and VNM also fell sharply.

Only 113 shares increased on both markets while 391 fell.

Negative news on oil prices and in stock markets around were responsible for bulk of the correction seen in Vietnam in the first session of the week.

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