Shares fall on continued concern over coronavirus

Friday, Jan 31, 2020 12:06

Shares continued to fall on Friday morning as concerns about the outbreak of Corona virus negatively affected investor sentiment. Photo

Shares continued to fall on Friday morning as concerns about the outbreak of coronavirus negatively affected investor sentiment.

On the Ho Chi Minh Stock Exchange (HOSE), the VN-Index lost 0.46 per cent to end at 955.15 points.

The index slumped 3.22 per cent to 959.58 points by the end of Thursday’s session.

A total of 116.3 million shares worth VND2.14 trillion (US$92.3 million) were traded on the southern market

On a sector basis, real estate, securities, information and technology, retail, oil and gas, agriculture, food and beverage, construction material, logistics and seafood processing lost ground.

Meanwhile, insurance, wholesale, healthcare, banking, rubber production and construction were among the gaining sectors.

The large-cap VN30-Index dropped 0.83 per cent to close at 868.51 points with 16 of the 30 largest stocks by market capitalisation and trading liquidity falling.

Listed aviation and tourism stocks dropped significantly due to information about the coronavirus pandemic. Two big airlines, Vietjet (VJC) on HOSE and Vietnam Airlines (HVN) on the Unlisted Public Company Market (UPCoM), decreased by 7 per cent and 6 per cent, respectively.

On the Ha Noi Stock Exchange, the HNX-Index gained 0.21 per cent to end at 104.33 points.

The northern market index dropped 2.04 per cent to 104.11 points. — VNS

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