Blue chips put brakes on indices' fall

Blue chips helped prop the markets up Tuesday morning, as everything around them started to fall. In HCM City, the VN-Index closed down 0.38 per cent to 453.74 points.

Market volume fell 24.5 per cent from Monday to 22.5 million shares, worth VND462.8 billion (US$22 million).

Several blue chips managed to make gains, including Eximbank (EIB) up 0.7 per cent; property developer Vincom (VIC), up 0.8 per cent; PetroVietnam Finance (PVF), up 3.2 per cent and resort developer Vinpearl Land (VPL), up 4.3 per cent.

Saigon Securities Inc (SSI) saw the biggest trading volume of 1.6 million shares.

The number of losers fell to 152 codes compared to 212 on Monday. Imexpharm Pharmaceutical (IMP) suffered the most, falling 5 per cent, followed by Everpia Viet Nam Company (EVE), also down 5 per cent; Long Hau Corporation (LHG), down 4.9 per cent and Savimex Corporation (SAV), down 4.8 per cent.

In Ha Noi, the HNX-Index fell 0.38 per cent to finish at 86.16 points, with losers outnumbering gainers by 197-75.

Trading was modest with 22 million shares changing hands, totalling VND298.2 billion ($14.2 million).

Kim Long Securities (KLS) was the most active stock with 2 million shares traded, but it fell sharply by 4.08 per cent to close at VND9,400.

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