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Blue chips continue downward spiral
Significant purchases of blue chips occurred at the beginning of Sept. 10 session which made the VN-Index fall by 2.10 percent to close at 514.45 points.
Some blue chips on Sept. 10 recorded a bounce, including PetroVietnam Drilling (PVD), Kinh Do Corporation (KDC), and Vietnam Dairy Products – Vinamilk (VNM).
”Substantial purchase of big stocks at the beginning of Sept.10 session contributed to their rebounding. It also turned a potential crash of the VN-Index into a slight decline,” said broker Nguyen Hoang Hai at An Binh Securities.
Hai also said that a massive sale of big stocks mid-session swept away all attempt to warm up large stocks.
”As a result, most blue chips continued to slip and the VN-Index stayed down,” Hai added.
Blue chips that suffered the biggest losses included Imexpharm Pharmaceuticals (IMP), Binh Dinh Minerals (BMC), and Financing and Promoting Technology (FPT).
In the market as a whole, 26.15 million shares changed hands, generating a turnover of 860.89 billion VND (52.18 million USD).
In the Hanoi Securities Trading Centre, the HASTC-Index made a consecutive downturn on Sept. 10, slipping 0.94 percent to 175.19 points. The centre saw 12.99 million shares transacted on the day with a total revenue of 540.88 billion VND (32.78 million USD).
VNA
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