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Stocks fall after sharp rise
On Dec. 29, stocks began falling after Tuesday's explosive trading. The VN-Index at the HCM City market closed off 0.12 per cent lower at 478.75 points.
Trading volume remained heady at 61.8 million shares valued at VND1.5 trillion (US$71.4 million).
About 145 share prices fell, with Vien Dong Pharmaceutical (DVD) and Sieu Thanh Corporation (ST8) showing the heaviest declines – VND2,200 each.
This was followed by Ha Nam Mineral (KSH), down VND1,900, and Idico Infrastructure Development Investment (HTI), down VND1,500.
Blue chip stocks Masan Group (MSN) and property trader Vincom (VIC) were the only two big companies to advance. MSN rose VND2,500 and VIC, VND3,000.
In Ha Noi, the HNX-Index fell 1.64 per cent to 112.93 points, with decliners outperforming advancers by 199:106.
Volume remained high at 50.7 million shares worth VND1.1 trillion ($52.8 million).
Bao Viet Securities (BVS) was among the big stocks to gain points, rising VND1,400 to VND28,900.
Thang Long Company (VTL) fell the most – VND2,900. It was followed by Huy Thang Construction (HTB), down VND2,300; Petrolimex Ha Noi Transportation and Trading (PJC), down VND2,200; and Ha Noi South Housing and Urban Development (NHA), down VND1,900.
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