Vietcap Daily - VN-Index plummets 3.3% on widespread selloff

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Market wrap: VN-Index plummets 3.3% on widespread selloff

The VN-Index, which had been trading sideways on Monday morning, took a sharp nosedive in the afternoon due to a widespread selloff across sectors, with several stocks plummeting to the daily trading floor. Ultimately, the VN-Index closed down by 3.3%.

* VIC (-7.0%) plunged to the daily trading floor and was the top contributor to the day’s loss. The conglomerate’s share price has plunged by 13.1% over the last three trading sessions.

* Securities brokerages were hit hard, with SSI (-6.9%), VND (-6.9%), VCI (-7.0%), HCM (-6.9%) and VIX (-6.8%) all continuing their downward trend.

* Several real estate tickers tumbled to the trading floor, including DXG (-7.0%), DIG (-6.8%) and NVL (-6.9%).

* Steel manufacturers HPG (-4.8%), HSG (-7.0%), and NKG (-6.9%) suffered heavy losses.