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Stocks rise in HCM, fall in Ha Noi
Concerns over inflation bothered investors Wednesday morning, causing stocks to fall at the HCM City Stock Exchange. The VN-Index slid 1.1 per cent to finish at 463.85 points.
Trading volume fell 3.5 per cent from Tuesday to 36.3 million shares, worth VND838 billion (About US$39 million).
However, there were just 122 losers compared to 147 on Mar. 15, including 20 codes falling to the floor.
They included insurer Bao Viet Holdings (BVH) down 4.7 per cent, LIX Detergent Company (LIX) and Traphaco Pharmaceutical (TRA) each down 4.6 per cent, resort developer Vinpealland (VPL) down 4.5 per cent, and Tay Ninh Rubber Company (TRC) down 4.2 per cent.
Blue chips began slowing the fall, with finance conglomerate Ocean Group (OGC) down 1.1 per cent, steel producer Hoa Phat Group (HPG) down 1.8 per cent and PetroVietnam Finance (PVF) down 2.3 per cent, while software producer FPT Corporation (FPT), Sacombank (STB) and Masan Group (MSN) closed unchanged.
Phu My Fertiliser (DPM), Sai Gon Securities Inc (SSI) and VietinBank (CTG) even managed to gain.
In Ha Noi, the HNX-Index bounced back this morning by 1.03 per cent to reach 91.98 points.
Volume closed up 3.5 per cent over Tuesday to 29.5 million shares, worth VND453.9 billion ($21.1 million). Gainers outnumbered losers by 159:107.
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