VnExpress News The News Gateway of Vietnam
Vietnam’s stock market plunges by up to 1.2 percent, or 18 points, on Monday morning, as investors sold blue chip stocks in droves.
The ticker started off in the red and plunged to 1,483 points at around 9:18 a.m, dragged down by three top lenders: VCB of state-owned lender Vietcombank, BID of state-owned lender BIDV and TCB of the largest private lender Techcombank.
But it quickly bounced back thanks to the push from VIC of biggest private conglomerate Vingroup, GAS of state-owned Petrovietnam Gas and PLX of fuel distributor Petrolimex.
Other energy stocks such as PVT of Petrovietnam Transportation Corporation, PVS of PetroVietnam Technical Services Corporation, and PVD of PetroVietnam Drilling & Well Services Corporation, rose between 1.5 percent and 4.4 percent as Brent crude oil prices rose 1.63 percent to $96 per barrel.
At the time of publishing, VN-Index’s drop has narrowed to six points with 300 tickers on the main bourse Ho Chi Minh Stock Exchange in the red against 117 gaining.
The VN30 basket, comprising the 30 largest capped stocks, saw 24 tickers in the red.
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