Closing the session on 26/4, the Vietnam stock market was still in red. By the end of the session, VNIndex was more than 1,044.86 points, losing nearly 35.88 points. The HNX-Index lost 6.19 points, staying at 120.12 points.
Vietnam stock market in April
From the beginning of the year, it can be seen that the Vietnam stock market in April is experiencing the lowest point in the last 2 years. A number of stocks declined significantly, especially banking stocks causing the sharp falls of other stocks.
Only three bluechip stocks such as: VNM, SAB, ROS rose but they were not strong enough to push market up. In addition, 40 million FRT shares of FPT Digital Retail JSC were officially traded on HOSE on 26/04/2018 with a reference price of 125,000 VND / share. This is a remarkable point in the market when FRT rose to the ceiling price of 150,000 dong per share in the initial public offering.
Experts predicted that keeping money for the expected big IPO in the future is the main reason for the downgrade of stock market this month.
What is expected from IPO of large SOEs in 2018?
According to Fiachra Mac Cana, Executive Director of Corporate Clients (HSC) said, "The downside is exaggerated by the supply of stocks on the market as some large deals are about to begin, in addition to the cautious sentiment of foreign investors."