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Only sellers perform as VN-Index falls
The greater abundance of sellers on September 11 caused the VN-Index to fall past the sentimental 500-point mark, as well as making the market’s liquidity fall strongly.
The VN-Index slipped downwards on September 11 by a total of 17.44 points to end at 49.701.
Just 8 of 162 shares and fund certificates listed in the HCM City Stock Exchange gained points, while 6 remained unchanged and 148 tumbled.
All bigger stocks that had recently been showing promise, such as Vietnam Dairy Products (VNM) and PetroVietnam Drillings (PVD), re-slid down by huge levels.
The market’s trading volume on September 11 was only 15.95 million shares with a total turnover of 602.03 billion VND (36.5 million USD). These figures represented a reduction of 39 percent in volume and 30.07 percent in value from those on September 10.
Foreigners were net buyers on September 11, and purchases were concentrated on particular blue chips including Phu My Fertilisers (DPM), Song Da Urban-IZs Investment and Development (SJS), Hoa Phat Group (HPG) and Pha Lai Thermal Power (PPC).
SJS was the sole big stock to gain points in September 11 sessions.
The HASTC-Index of Hanoi Securities Trading Centre also continued slipping on September 11 to end at 169.29, a change of 3.37 percent, despite the rebound of the biggest market-capitalised company Asia Commercial Bank (ACB).
The northern centre saw 8.86 million shares change hands in the session, generating a turnover of 462.78 billion VND (28 million USD).
VNA
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