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Shares down in HCM City, up in Ha Noi
The VN-Index continued to fall Thusdat morning, dropping 0.66 per cent to close at 460.53 points, following heavy declines in insurer Bao Viet Holdings (BVH) and financial conglomerate Masan Group (MSN).
Both BVH and MSN – two of the most influential stocks on the HCM City exchange – dropped by almost 5 per cent, the maximum they can fall in a single session.
Trading value decreased slightly on Mar. 17 to VND816 billion (US$38.9 million) on a volume of 36 million shares.
Decliners narrowly outnumbered advancers by 106-103.
Blue chips gains cushioned the fall. Vietinbank (CTG) hit its ceiling prices and PetroVietnam Finance (PVF) closed up 2.8 per cent, while property developers Hoang Anh Gia Lai (HAG) and Vincom (VIC) and steel producer Hoa Phat Group (HPG) were up around 1.8 per cent.
CTG was also the most active stock today with around 4.3 million shares changing hands. It closed at VND30,200 ($1.44).
On the Ha Noi Stock Exchange, the HNX-Index rose 0.43 per cent to finish at 92.38 points.
Market value reached nearly VND520.6 billion ($24.8 million) with 32.65 million shares traded, an increase of 15 per cent in value and 11 per cent in volume compared with yesterday's figures.
Gainers outnumbered losers by 163-102.
PetroVietnam Construction (PVX) was the most heavily-traded stock on the northern bourse, with 4.62 million shares changing hands. PVX closed up 3.6 per cent at VND17,100 ($0.81).
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