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Shares fall on profit-taking activities
Shares plunged on both the HCM City and Ha Noi stock markets as investors made the most of three successive days of gains on Dec. 7. In HCM City, the VN-Index closed down 1.03 per cent at 460.76.
More than 85 million shares worth VND1.98 trillion (US$94.4 million) changed hands, a decrease of 12.2 per cent in volume and 17.2 per cent in value compared to on Dec 6.
The number of declines was more than four times higher than advances.
About 45 per cent of the 195 shares to post losses fell to their floor prices, while only 13 shares hit their ceiling prices compared to 70 in Dec 6's session.
Of the 10 largest capitalised shares, only insurer Bao Viet Holdings (BVH), property developers Hoang Anh Gia Lai Company (HAG) and Vincom Company (VIC) rose in value, with VIC hitting its ceiling price of VND86,000 ($4.10).
Saigon Securities Inc (SSI), with a volume of more than 6 million shares changing hands, was again the most active on the bourse, closing down 3.1 per cent at VND28,300 ($1.35).
In Ha Noi, the HNX-Index declined 2.46 per cent to close at 114.19.
The market volume fell by 8 per cent over Dec. 6's session to 80.8 million shares worth VND1.6 trillion ($76.2 million) exchanged.
Declines largely outnumbered advances 283-48 and almost 56 per cent of the losers dropped to their floor prices.
Kim Long Securities Company (KLS) continued to be the most heavily-traded share nationwide, with more than 11 million changing hands.
It decreased 2.4 per cent on Dec. 7 to close at VND16,000 ($0.76) after six consecutive days of gains.
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