Friday’s tumble saw large-cap stocks decline sharply after they had strived to recover in the past one months.
In the large-cap basket VN30, 16 of the 30 largest stocks by market capitalisation and trading liquidity increased while 12 declined
Việt Nam’s benchmark VN-Index surged on Wednesday after a six-day losing streak as investor sentiment improved following solid data of PMI in June and steep cuts in interest rates of some banks.
Market insiders have predicted M&A activities will sharply increase soon.
The VN-Index stepped down from a three-day increase of a total 1.97 per cent between June 18 and June 22.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.44 per cent to end at 863.52 points.
The market trading condition turned very bad at the end of the day with total 312 stocks declining on the southern bourse while 82 increased
The large-cap basket VN30 was driven up 1.5 per cent by 27 of the 30 largest stocks by market value and trading liquidity