There is no ground to convince investors to keep their risk assets amid mountains of bad news, traders said. Steep global slumps continued to weigh on the local investor sentiment while domestic headlines discouraged investors to increase their holdings. The VN-Index, the measure of 253 stocks and five closed-end funds, lost 10.53 points, or 2.42%, to end at 423.89, the lowest close since July 24, 2009.
Stocks on the Hochiminh Stock Exchange steeply declined, dragging the VN-Index benchmark to a 13-month low, as investors desperately sold out shares on fears of further loss in the wake of squeezed capital flows and gloomy global economic outlook.
The gauge has declined 23% from the yearly high and 14.3% so far this year, according to data compiled by FPT Securities, which manages this website.
The market breadth was very negative on HOSE where only 20 stocks advanced but 224 declined and 14 closed unchanged.
The market liquidity rose nearly 10% from a day earlier to 51.5 million shares and fund units valued at VND1,246 billion, up 7%.
Foreigners bought net VND79 billion of Vietnamese shares today as they purchased 7.5 million shares at VND227 billion and sold 4 million units for VND79 billion.
Sacombank (STB), the fourth largest listed bank, was the most active stock on a trade of 2.68 million shares, which sank 0.64% to VND15,600.
Refrigeration Electrical Engineering Corporation (REE), coming second in liquidity with 2 million units, sank 2.52% to end at VND15,500.
Saigon Securities Inc (SSI), the largest listed broker, sank 4.89% to finish at VND25,300 on a trade of 1.85 million units.
Other blue-chips weighed on the bear market. Vincom (VIC), a leading property firm, slid 4% to close at VND60,000. Vietinbank (CTG), the second largest listed lender, shed 4.17% to end at VND20,700.
At the close, the market witnessed 152 stocks closed at floor prices, which are capped at 5%.
PetroVietnam Finance (PVF), the largest listed finance company, outstandingly rose 4.71% to close at VND20,000 on a trade of 500,000 units.
Source: fpts.com.vn