May 18: Vietnam Stocks Post Biggest Weekly Loss YTD on Massive Sell-offs

The benchmark VN Index fell for a eight day in a row, losing 7.63 points or 1.72% to 434.95. Volume declined to 80.4 million shares worth of VND1.22 trillion. For the week, VN Index lost 34.74 points or 7.4%, the biggest weekly decline in 2012.

Put-through trading contributed 4 million shares worth VND75.6 billion.  Of note, 1 million ITA shares were changed hands in the put-through deal at VND7,800 each versus the market close price of VND7,300.

The market breadth was broadly negative on the primary bourse where 34 stocks advanced, 240 tumbled, 32 closed unchanged.

The VN30 Index dipped 8.85 points, or 1.72%, to 504.61. Amongst its 30 members, 1 stocks rallied, 28 plunged and 1 were unmoved.

Share prices fell across the board from the blue chips to the pennies, from defensive to high beta, the only good thing was that the market closed off the low and some less-worse movements were seen in the market leading shares.

On the Hanoi Stock Exchange, the HNX fell 2.34 points or 3.07% to 73.81. Trading volume was 74.3 million shares worth VND706.9 billion. For the week, HNX index lost 5.03 points or 6.38%, the worst week in the year.

The market breadth was negative where 50 rallied, 251 declined, 37 closed unmoved.