An investor points at stock prices on a screen. Photo by VnExpress/An Khuong
Vietnam’s benchmark VN-Index fell 94.76 points to close Monday at 1636.43, its biggest single-day decline ever in point terms.
In percentage terms, the index fell 5.47%, the steepest since the April slump triggered by the U.S. tariff announcement. Some 106 tickers hit floor price.
Trading on the Ho Chi Minh Stock Exchange, on which the index is based, rose 26.8% to VND53.29 trillion (US$2.02 billion).
The VN30 basket of the 30 largest capped stocks all closed in red, with 13 hitting floor prices.
These included industry-leading firms like HPG of steelmaker Hoa Phat Group, SSI of brokerage SSI Securities Corporation, HDB of lender HDBank and MSN of conglomerate Masan Group.
VJC of budget airline Vietjet saw the smallest drop of 0.29%, followed by FPT of tech giant FPT Corporation with 1.25% and PLX of fuel distributor Petrolimex with 2.53%.
Foreign investors were net sellers to the tune of nearly VND2 trillion, mostly selling VND of stock brokerage VNDirect, TPB of private TPBank and HSG of steelmaker Hoa Sen Group.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 7.39%, while the UPCoM-Index for the Unlisted Public Companies Market closed 2.09% lower.
