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Strong selloff drags VN-Index down
Monday,  4/26/2021, 18:41 

Strong selloff drags VN-Index down

The Saigon Times

Investors watch stock prices on electronic boards at a securities company in HCMC. The benchmark VN-Index of the Hochiminh Stock Exchange closed down some 33 points today, April 26 – PHOTO: VNA

HCMC – The VN-Index of the Hochiminh Stock Exchange lost some 33 points at 1,215.77 today, April 26, as many largecaps came under strong selling pressure.

Market breadth turned negative as losers outstripped gainers by 340 to 91. Trade volume totaled 744.9 million shares worth VND19.3 trillion, inching up over 3.9% in both volume and value from the session earlier. Block deals contributed VND2.4 trillion to the total value.

The VN30 basket was a major drag on the southern bourse, with 25 stocks ending in the red. Housing developer VHM, property firm VIC, dairy firm VNM and lender VCB dipped by 3.5%-5.2% at the close.

Many medium and small stocks fell into negative territory. Property group FLC finished the day down 5.6%, but took the lead on the southern market by liquidity with over 53 million shares traded.

On the Hanoi Stock Exchange, the HNX-Index continued its downward trend and ended the day down 2.95 points, or 1.04%, from the session earlier, at 280.68. Some 127.9 million shares valued at VND2.3 trillion changed hands.

Four stocks in the HNX30 basket comprising pharmaceutical firm DP3, housing firm NDN, lender SHB and construction firm SJE made a slight gain, while the remainder lost ground.

Lender SHB was the most actively traded stock on the northern bourse with a matching volume of over 21 million shares.

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