Viet Nam’s stock market continued its downtrend on April 16, with the country’s major index dropping to below 1,000 points for the first time in three months.
During the session, a total of 5,273,810 stocks worth 680.62 billion VND changed hands. The bourse saw only two stocks rally for gains, 10 shares remained unchanged and 97 stocks fell.
At the Ha Noi Securities Trading Centre, HaSTC-Index dropped to 366.18 points, down 25.91 points from the previous session.
A total of 1.33 million shares were traded, with a value of more than 164.84 billion VND.
Experts said that the market is correcting itself and stocks are beginning to return to close to what their real value should be, resulting in smaller investors retreating from the bourses enmasse for fear of taking further losses.
Securities brokerage companies have reported that a substantial number of market players' accounts have been cleaned out after consistently losing between 20-30% on investments.
Source: VNA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment