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VN-Index sees sharp decline on retail petrol price hike
The VN-Index of the southern bourse saw a sharp decline on news that retail petrol price has increased by 30% to VND 19,000 a litre from today.
Selling orders flooded the bourse while buying was weak. This was different compared to sessions in the previous week while supply was big and demands was correspondent thus the VN-Index still advanced or declined only slightly at the last trading of last week.
The index suffered loss right at the opening of today's session. Ending the session, VN-Index dropped 12.23 points, equivalent to 2.53% to 470.82. Total market trading volume was over 16 million worth VND 746 billion with over 14 million of these traded via order matching for VND 661 billion.
With BBT of Bach Tuyet Cotton Corporation allowed to trade again today, the number of listed on the HOSE returned to 157. Of these, 149 saw lost, most of them hitting maximum as they were traded at ceiling prices, three stocks stayed unchanged while four others had no trade.
The only one stock that gained in this session is SSI of Saigon Securities Incorporation. The stock hit its ceiling price for the 21st consecutive session. This stock was also the most traded stock with more than 7 million units matched, accounting for nearly half of the total matched trading volume. Foreign investors were the buyers of all SSI shares traded today.
Foreign investors increased their buying with nearly 10 million units and fund certificates matched by their orders, including over seven million SSI shares. In addition, they also sought other stocks including FPT and DPM. They sold only 2.7 million units.
The HASTC-Index of the Hanoi bourse also saw a drop though not as sharp as the southern bourse. Ending the session, the index lost 1.4 points or 0.94% to close down at 148.28. Total market volume was nearly 5.3 million worth VND 239 billion. There were only 13 gainers against 111 losers and 19 others had no trade.
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