Stocks sink under sell-off pressure

Thursday, Oct 16, 2014 12:29


HA NOI (Biz Hub) — Vietnamese stocks fell further this morning under increasing pressure from sell-offs by domestic investors.

On the HCM Stock Exchange, the VN-Index dropped below 600 points, closing the morning session at 596.14 points.

The VN30, which tracks the top 30 shares by market value and liquidity, also plummeted 1.59 per cent to stand at 631.42 points.

Liquidity rose slightly to reach nearly 75 million shares, worth VND1.4 trillion ($66.4 million).

FLC Group (FLC) continued to be the most heavily traded stock with 9.6 million of its shares being traded at VND10,900 per share, down 2.68 per cent from yesterday's close.

On the Ha Noi Stock Exchange, the HNX-Index also slid 1.19 per cent to end at 88.50 points, with the trading value being VND551.5 billion ($26.1 million).

Trading will resume at 1pm. — VNS

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