Vietnam’s benchmark VN-Index plunged 4.19% on October 26, its worst decline in a single day since August 18.
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VN-Index drops 4.19% on October 26
The index is now at 1,055.45 points, the lowest since early May, with 90% of 560 tickers falling. It has fallen 15% from its peak of 1,245 points established in early September.
Trading on the Ho Chi Minh Stock Exchange, on which the index is based, increased by 111% to 23.243 trillion VND (944 million USD).
Foreign investors were net sellers to the tune of 104 billion VND, mainly selling VHM and SSI of leading brokerage SSI Securities Corporation.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, plunged 5.30% while the UPCoM-Index for the Unlisted Public Companies Market closed 3.25% lower./.
Clean land funds in prime southern industrial locations are becoming increasingly scarce as competition intensifies, with sites near Long Thanh International Airport drawing strong investor interest.
Vietnam Container Shipping, a leading logistics provider, announced the acquisition of a 65 per cent equity interest in Harbour City Co. Ltd on March 16, to implement a real estate project in Haiphong city.
Sun Group has become the controlling shareholder in newly established Vietnam Digital Asset JSC, committing 64 per cent of its initial $40 million charter capital.
A consortium between Hateco and the Netherlands' APM Terminals will develop the Lien Chieu container port in Danang with an investment of $1.76 billion.
Electronics retail chain Dien May Xanh, under Mobile World Investment Corp, plans an initial public offering by selling 180 million shares, or a 16 per cent stake.