Index down as profit taking continues
Viet Nam's stock indexes continued to fall with accelerated profit-taking this Tuesday. In HCM City, the VN-Index slid 1.53 per cent to close at 426.89.
About 35.3 million shares worth VND732.9 billion (US$34.9 million) changed hands.
196 stocks declined; 37 rose and 41 were unchanged.
Many of largest-capitalised shares fell; these included Insurer Bao Viet Holding (BVH), down VND2,000; Ocean Group (OGC) VND900; Vietinbank (CTG) VND600; and software FPT Corp (FPT) VND500.
Property trader Quoc Cuong Gia Lai (QCG) and Sacombank Securities (SBS) were among the only major stock to advance at VND1,100 a piece.
Stocks that managed to gain were mid caps such Bao Minh Insurance (BMI) and Binh Duong Construction and Civil Engineering (BCE), each up VND700.
Vinafco (VFC) rose VND600.
In Ha Noi, the HNX-Index lost 1.06 per cent of its value to close at 97.44 points; losers outpaced gainers more than five to one.
But market volume rose 15 per cent to 26.9 million shares worth more than VND457.1 billion ($21.8 million).
PetroVietnam [PVS, PVX, PVA...] stocks underwent the slightest loss - 0.2 per cent, while Vinaconex [VC1, VCR,VCG ...] fell 0.5 per cent and Song Da Corp [SD9, SDG, SDH ...] dropped 0.8 per cent.
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