Vietnam stock market sinks for third consecutive session

The VN-Index fell 0.63 percent along with regional markets Friday after U.S. President Donald Trump proposed a 10 percent tariff on $300 billion worth of Chinese imports. 

Blue-chips led Vietnam’s benchmark VN-Index to 982.34 points on Friday, the highest since May 23.

Vietnam’s benchmark VN-Index edged close to 980 points at the end of Thursday’s session, the highest in the last seven weeks.

Vietnam’s benchmark VN-Index could perform better this month, but liquidity will remain low, Viet Dragon Securities says.

Vietnam’s benchmark VN-Index closed at 973.04 points, the highest since May 23, with growth seen in most large-cap and banking stocks.

Vietnam’s benchmark VN-Index closed below the 950-point benchmark Monday afternoon, the lowest since it bottomed at 946.47 points exactly two weeks ago.

Vietnam’s benchmark VN-Index closed at 946.47 points at the end of Monday’s session, the lowest point since mid-February.

Bank stocks pushed the market up for Wednesday’s session to close at 975 points; the VN-Index rose 10 points (1.07 percent).

Vietnam’s benchmark VN-Index fell 16.17 points (1.66 percent) to 958 with most stocks losing value in Monday’s afternoon session.

At the end of Thursday’s session, the VN-Index closed at 962.3 points, the lowest since February 18, 2019.

Both the VN-Index and HNX-index closed in the green today despite foreign investors being net sellers for a third consecutive session.

After surpassing 990 points in Tuesday’s morning session, the VN-Index dropped over 6 points in the afternoon on strong selling pressure.

All three stock exchanges in Vietnam closed in the red Monday as high market cap stocks fell the hardest.