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Shares decline again on improved liquidity
Shares began to decline again on Mar. 29 on both national stock exchanges after posting modest gains on Mar. 28, but market volumes and values improved.
On the HCM City Stock Exchange, the VN-Index lost 0.36 per cent over yesterday to close at 457.88 points. However, trading value soared by 64 per cent to VND894.1 billion (US$42.8 million) while the volume of the day's trades also climbed over 44 per cent to 6.1 million shares.
Losers outnumbered gainers by 156-61.
Among the 10 largest capitalised shares, only three codes posted gains, including property developer Vincom (VIC) up 2.5 per cent, Sacombank (STB) up 0.7 per cent and Phu My Fertiliser (DPM) up 0.3 per cent.
Saigon Securities Inc (SSI) was the most active stock today with 2.33 million shares exchanged, but it closed down 3 per cent at VND22,900 ($1.10).
SSI yesterday announced it had fully paid both principal and interest worth VND2.08 trillion ($99.5 million) on convertible bonds issued last year for investors, and there would be no pressure on the company to sell its shares to raise capital to pay off debt.
On the Ha Noi Stock Exchange, the HNX-Index dropped 1.21 per cent to finish today at 91.94 points.
Both trading volume and value doubled to 63.3 million shares worth almost VND854.5 billion ($40.9 million).
Decliners largely outnumbered advancers by 217-58.
Kim Long Securities (KLS) was again the most heavily traded share nationwide with over 4 million shares changing hands, closing down unchanged at VND10,500 ($0.50).
This morning, three securities shares issued warnings due to losses incurred last year. Bao Viet Securities (BVS), Hai Phong Securities (HPC) and Viet Star Securities (SVS) all declined steeply, with BVS and SVS dropping to their floor prices, and HPC losing over 4.3 per cent.
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