Monday, 24/01/2011 14:51

Heavy sell-off pushes stocks down

Heavy profit-taking pushed the VN-Index in HCM City down 1.85 per cent th to close at 509.88 on Jan. 24. Losers outnumbered gainers by 200-42.

 

 

 

 

 

 

Major influential stocks on the index suffered sharp declines, including Bao Viet Holding (BVH) falling to the floor by VND5,000 and Masan Group (MSN), which fell by VND4,500.

Vietcombank (VCB) and Vinamilk (VNM) were two of the few blue chips to post gains. VCB rose VND4,500, while VNM increased by VND1,600.

Volume was low as 38.3 million shares totalling a value of VND1 trillion ($47.6 million) changed hands.

In Ha Noi, the HNX-Index fell 1.53 per cent to close the session at 106.22.

Losers, with 241 stocks, were four times higher than gainers on the exchange.

Stocks sinking to their floor prices were Luong Tai Investment Construction (LUT), down VND2,700; An Phat Plastic and Green Environment (AAA), down VND2,600; and Vinaconex Advanced Compound Stone (VCS), down VND2,500.

Volume was low as 26.6 million shares worth a value of VND483.9 billion ($23 million) changed hands.

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