Friday , May 24 2024

80% of stocks fall in 2022


Eighty percent of stocks listed on the Ho Chi Minh City and Hanoi bourses closed the year lower, with some losing 80-90%.

404 tickers fell by more than the VN-Index’s 32.6% decline, with 260 losing half their value, according to a report by RongViet Securities Corporation.

The Ho Chi Minh Stock Exchange and Hanoi Stock Exchange started the year with 66 shares trading below the face value of VND10,000 ($0.4), and this number quadrupled by the end of the year.

The biggest loser on either exchange is ART of BOS Securities Corp, which is related to former chairman of property developer FLC Trinh Van Quyet, which has fallen by 92%.

It is followed by KLF of CFS Investment and Import Export Trading and DVG of Dai Viet Paint Group, which have lost 88.9% and 88.6%.

The 50 biggest losers include blue chips NVL of property developer Novaland Group and PDR of Phat Dat Real Estate Development, which are down 84% and 81%.

Among banks, TPB of private TPBank fell the most, 49%.

Most steel stocks fell, with VGS of Vietnam Germany Steel Pipe losing 72%.

The Unlisted Public Company Market saw nearly 68% of its stocks lose this year.

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