Stocks decline on heavy profit-taking
Heavy sell-offs in the last minutes caused stocks to fall on Dec. 22. In HCM City, the VN-Index fell 0.05 per cent to 481.53 points, with number of decliners double yesterday's figure to 162 stocks.
Phu My Fertiliser (DPM) and Tan Binh Import-Export (TIX) fell VND2,000 each. They were followed by property developer Dien Quang Lamp (DQC), which was down by VND1,300, and Thanh Cong Textile Garment Investment Trading (TCM), down VND1,100.
About 61 stocks advanced, including insurer Bao Viet Holding (BVH) and Masan Group (MSN), each up VND3,000.
Binh Thuan Hamico Mineral (KSA) was up VND2,300 and Tan Cang Logistic and Stevedoring (TCL) up VND1,400.
Trading volume was 61.5 million shares worth a total of VND1.4 trillion (US$66.7 million).
On the Ha Noi market, the HNX-Index dropped by 1.1 per cent to 113.73 points. It was the third fall in three days.
Decliners doubled advancers to 196 stocks, with Vimeco Company (VMC) dropping the heaviest, down VND3,600; Low Current Telecom (LTC), down VND1,900; Cai Lay Veterinary Pharmaceutical (MKV), down VND1,800; and Southern Rubber Industry (CSM) and Song Da No.1 (SD1), each down VND1,400.
Lam Dong Foodstuff (VDL) had the highest advance, up VND3,500. It was followed by builders Vinaconex No.3 (VC3), up VND3,400; Luong Tai Construction Investment (LUT), up VND1,700; and Seafood Company No.1 (SJ1), up VND1,500.
Volume was a modest 36.1 million shares worth a total of VND685.4 billion ($32.6 million).
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