Oil price plunge hits stocks again

December 11, 2014 | 16:58

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The falling global oil prices and the OPEC's forecast of less oil demand next year caused stocks to slide again on the two stock exchanges this morning.

The falling global oil prices caused stocks to slide again on the two stock exchanges this morning. - Photo kinhdoanhnet.vn

The VN-Index on the HCM Stock Exchange lost 0.29 per cent to close at 555.56 points, while the VN30, which tracks the top 30 shares by market value and liquidity, also dropped 0.2 per cent to end at 609.58 points.

On the Ha Noi Stock Exchange, the HNX-Index slid 0.36 points to finish this morning at 84.91 points.

Liquidity declined substantially, with the total market value reaching just about VND1.1 trillion on the two bourses.

Ocean Group (OGC) was the most active code nationwide, with more than seven million of its shares being traded at VND8,300 per share, up 3.75 per cent over yesterday's close.

The afternoon session will resume at 1pm.

VNS

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