|
The VN-Index lost 19.77 points, or 2.3 percent, to close at 841, the lowest level since January 8, 2007.
Trading volume was up by 36 percent to 10.08 million shares, and value was up to more than 905.6 billion (US$56.7 million).
Of the 143 listed stocks 127 lost, including seven of the 10 largest.
Sacombank lost VND1,500 to close at VND60,000, the lowest level since September 18 last year.
The commercial bank has shed more than eight percent this year.
PetroVietnam Fertilizer and Chemicals, the country’s leading fertilizer firm, dropped to a record low of VND66,500.
It has lost more than 10.8 percent this year.
Saigon Securities Incorporation, one of the country’s largest brokerages, fell to VND148,000, its lowest level since moving from the Hanoi bourse to HCMC last October.
Of the 10 largest listed companies, Pha Lai Thermal Power, property firm Vincom, and Hoa Phat Group were the only ones to escape the carnage as they remained unchanged.
Net buying by foreign investors soared by 65 percent to VND107.5 billion ($6.72 million).
Hanoi’s HASTC-Index fell for the fourth straight session, losing 13.92 points to close at 275.68.
Of its 118 listed stocks, there were 106 losers and just eight gainers as 2.58 million shares were traded for VND201.67 billion ($12.6 million).
Reported by Hoang Uy
|
Title: The Tow Asian Giants: a Comparative Perpective on the Economic Performance of India and China in Recent Years
