An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by Read/Quynh Tran
Vietnam’s benchmark VN-Index plunged 4.11% to 1,493.41 points Tuesday morning after achieving a new historic high Monday.
The index closed 64 points lower, lowest in over a week, after a 26-point gain on the previous day.
Trading on the Ho Chi Minh Stock Exchange, on which the index is based, surged 53% to VND71.76 trillion (US$2.74 billion).
The VN30 basket, comprising the 30 largest capped stocks, saw all tickers fell.
The biggest plunges of around 7% were recorded by TPB of private TPBank, SSI of brokerage SSI Securities Corporation, MSN of conglomerate Masan Group.
HDB of HDBank dropped and VJC of budget airline Vietjet both closed 6.85% lower.
VNM of dairy giant Vinamilk was the ticker with the smallest decline of 0.16%.
Foreign investors were net sellers to the tune of VND882 billion.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 3.2% while the UPCoM-Index for the Unlisted Public Companies Market declined by 0.81%.
