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Shares again decline but on heavier volume
Viet Nam's stock indices have declined for a second successive day but on heavier volume. In HCM City, the VN-Index lost another 0.69 per cent to close on september 23 at 450.77. In all, 52.22 million shares worth VND1.43 trillion (US$73.3 million) changed hands – an increase of 57 per cent in both volume and value over on Wednesday.
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Movements of VN-Index on September 23 |
Movements of HNX-Index on September 23 |
A total of 184 shares lost value; 36 rallied and 38 were unchanged.
Among the 10 largest capitalised shares, Vincom (VIC), Phu My Fertiliser (DPM) and Bao Viet Holdings (BVH) - advanced and three - Hoang Anh Gia Lai (HAG), Vietinbank (CTG) and Masan Group (MSN) - retreated.
Ocean Group (OGC) was still the most active stock with almost 4 million shares sold. OGC slid 4.46 per cent to end at VND34,200 ($1.75).
In Ha Noi, the HNX-Index declined by a more substantial 1.29 per cent to 129.83.
Trading volume rose by 41 per cent to 36.7 million shares worth VND879.6 billion ($45.1 million). The market was negative with declines 3.4 times higher than advances.
Among the 10 leading shares by capitalisation, only Asia Commercial Bank (ACB) and Sai Gon-Ha Noi Bank (SHB) were unchanged; the others lost value.
PetroVietnam Construction (PVX) continued to be the most heavily-traded shares nation wide with almost 4.4 million exchanged. PVX lost 2.92 per cent of its value to close at an average of VND23,200 ($1.19) per share.
Analysts at HCM City Securities Company said investors were still awaiting the September consumer-price-index (CPI) figures and the Circular 13 review.
"Though most of investors can pick the tendency, they want to have formal information. Therefore, the market is likely to move sideways," they said in a statement.
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