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Shares retreat on low volume
Prices on both of Viet Nam's stock exchanges fell this morning as market volume and value remained sluggish.
In HCM City, the VN-Index declined more than 1 per cent to close at 446.69.
Just 26.4 million shares worth VND629.5 billion (US$31.5 million) were exchanged.
Decliners outnumbered advancers 196-30 as most blue chips tumbled.
Of the ten largest capitalised shares, Masan Group (MSN) fell 3.2 per cent; Phu My Fertiliser (DPM) and industrial conglomerate Hoa Phat Group (HPG) fell 2.3 per cent; software FPT Corp (FPT) slid 2 per cent; Ocean Group (OGC) fell 1.6 per cent; and Eximbank (EIB) closed off 1.4 per cent.
Insurer Bao Viet Holding (BVH) up 0.8 per cent; Vietinbank (CTG) up 0.5 per cent and property developer Vincom (VIC) up 1.4 per cent were among few shares that rose.
Saigon Securities Inc (SSI) - the only listing to have more than 1 million shares exchanged - was the most active stock but fell 0.8 per cent to close at just VND23,900 ($0.12).
In Ha Noi, the HNX-Index lost 2.23 per cent of its value to close at 104.79; number of losers outnumber gainers more than five to one.
But market volume rose 15 per cent to 26 million shares worth more than VND463.1 billion ($23.1 million).
Property developer Sacomreal (SCR) dropped to its floor price for the second day since it listed its shares three days ago. It closed at VND23,700 per share ($1.18) with 1.76 million changing hands - the second most active trading on the northern bourse.
PetroVietnam Construction (PVX) continued to be the most heavily-traded shares nation-wide, with 2.15 million shares exchanged.
PVX closed off 1.4 per cent to close at VND20,600 ($1.03).
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