Việt Nam’s stock market unexpectedly plummeted on Monday amid growing investors’ anxiety over volatility in both domestic and international markets.
The market capitalisation on the Hồ Chí Minh Stock Exchange shrank by VNĐ244 trillion (about US$10 billion) to reach nearly VNĐ5 quadrillion ($200 billion) as the benchmark VN-Index lost almost 60 points, or 4.7 per cent, to close at 1,216 points. This marked the sharpest decline in the index score in nearly two years since May 12, 2022.
On the Hà Nội Stock Exchange, the HNX-Index also decreased by 4.8 per cent to end the day at 229.71 points.
The market condition was pessimistic with 647 stocks sinking, 157 of which hit the floor price, while only 75 increased.
Liquidity grew significantly with the put-through trading value reaching over one billion shares worth VNĐ24 trillion on the HCM City’s exchange while those numbers…
