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Dow Jones' rally see no impact in Viet Nam
The Dow Jones' rally overnight couldn't prevent the VN-Index at the HCM City Stock Exchange from shedding another 0.73 per cent on October 19, ending at 454.25.
About 198 among 268 listed stocks fell, including 22 stocks matching the floor prices, such as Hari Hamico Mineral (KSS), down 1.5 per cent to VND29,400, Sao Vang Rubber (SRC) and Tai Nguyen Corporation (TNT), 1.2 per cent each to VND24,300 and VND23,500, respectively.
Trading volume on the southern bourse increased to 32.3 million shares today, for a total value of VND811.1 billion (US$41.6 million).
Foreigners reinforced purchases in blue chips, contributing to slowing down the correction. For example, they bought 589,920 shares of Phu My Fertilisers (DPM), 225,130 shares of the Corporation for Financing and Promoting Technology (FPT), 298,210 shares of Tan Tao Industrial Park (ITA), and 149,600 shares of property traders Kinh Bac Corporation (KBC).
These stocks saw a tiny fall, including DPM, down 0.6 per cent; FPT closed unchanged, ITA and KBC, 0.1 per cent each.
Only Bao Viet Holdings (BVH) and Masan Group (MSN) were among blue chips managing a gain of 0.5 per cent each.
In Ha Noi, the HNX-Index continued surging 1.73 per cent to 116.59 points, with decliners outnumbering advancers by 255 to 38.
None of blue chips gained points, while only two stocks gained the highest prices, including Ha Noi Textbooks Printing (TPH), up 0.5 percent to VND8,700 and PetroVietnam Southern Gas (PGS), 2.5 per cent to VND38,300.
Volume rose to 24.6 million shares, from 17.3 million on Monday, posting a turnover of VND523.8 billion ($26.9 million).
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