May 23: Vietnam Stocks Nosedive on Weakening Sentiment

The benchmark VN Index lost 11.19 points or 2.49% to 436.75. Volume fell to 66 million shares worth of VND1.12 trillion.  Put-through trading contributed 9.5 million shares worth VND215 billion.

We saw another 5.3 million STB shares changed hands at the price of VN24,000 each, versus the market current  price of VND25,000 each.

The market breadth was negative on the primary bourse where 38 stocks advanced, 237 tumbled, 34 closed unchanged.

The VN30 Index fell  8.41 points, or 1.63%, to 508.45. Despite the floor performance of heavy-weighed VCB, GAS and  strong loss of BVH; the VN30 was still less worse than the broader market.

The market opened in the red as selling momentum extended, caution rose and market has no where to go but the south, closing at the low of the day.

HSG was the most active stock on the bourse with 1.9 million shares changed hands,bucking the trend to close up at VND18,200.

SSI ranked second in the list with nealy 1.9 million shares changed hands, closing sharply lower at  VND21,200.

On the Hanoi Stock Exchange, the HNX index lost 2.85 points or 3.7% to 73.61. Trading volume eased to 55.3 million shares worth VND569.6 billion.

The market breadth was positive on the northern exchange. Among index members,  39 rallied, 248 tumbled, 33 closed unmoved, and the rest were untraded.

HBB with 5.1 million shares, PVX with 3.3 million shares  and KLS with 3 million shares changed hands were top active players.