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Stock market sees slight decline in first trading session in May
After a long holiday, the domestic stock market dropped on the first trading session in May today with the market indicators as well as trading volumes and values on both bourses dropping and a majority of listed stocks suffering losses.
Ending the third order matching phase today, the VN-Index today lost 1.08 points (0.2%) to close at 521.88 though it managed to gain slightly in the first two matching phases with only over 4.8 million matched for more than VND 227 billion, plus 1.4 million other units traded through negotiations worth VND over 90 billion.
Up to 98 stocks listed saw falls while only 43 gained, eight others maintained their reference prices and five had no trading at all.
The five top gainers included three pharmaceutical companies, DHG, DMC and IMP. The other two were KDC and VNM. DHG increased by VND 3,000 a share while the other four stocks were up by VND 2,000 a unit each.
Other large-cap stocks that gained included PVD, HPG, ITA, PPC and VPL while STB, SSI, FPT, VIC and DPM were losers.
STB topped the list in terms of trading volume with nearly 662,000 units matched, followed by DPM (536,630 units), PPC (224,730 units), HPG (227,270) and VNM (208,760).
The HASTC-Index of the Hanoi bourse continued to lose another 2.06 points (1.22%) to close at 167.05. Only nearly 1.9 million shares were traded on this session worth over VND 76 billion. Of the 102 decliners, 92 hit floor prices while only 17 managed gains, 14 others had no trade and two stayed still.
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