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Shares retreat as blue chips slump
After a session full of excitement on Wednesday morning, both stock indices fell on Apr. 7, with the VN-Index in HCM City retreating 0.31 per cent to close at 463.49 points.
However, value of the day's trades in the City rose nearly 11 per cent over yesterday to VND689.8 billion (US$33 million), with 27.5 million shares changing hands.
Many large caps fell, including Vietinbank (CTG) down 3.3 per cent, PetroVietnam Finance (PVF) down 2.4 per cent, steel producer Hoa Phat Group (HPG) down 1.9 per cent and Phu My Fertiliser (DPM) down 1.4 per cent.
Software producer FPT Corporation (FPT) miraculously gained 0.9 per cent to close today at VND57,500 ($2.75), having fallen to its floor price during the first half of the session.
Among the largest capitalised shares, property developer Vincom (VIC) rose 1.5 per cent, real estate Hoang Anh Gia Lai (HAG) closed up 0.2 per cent and Sacombank (STB) was up 0.7 per cent. STB was also the most active stock on Apr. 7 with 2.15 million shares changing hands
Decliners outnumbered advancers by 165-60.
In Ha Noi, the HNX-Index declined 1.21 per cent to finish at 90.72 points.
Market value dropped by 18.4 per cent to just VND335 billion ($16 million) on a volume of 21.5 million shares.
Losers outnumbered gainers by 181-77.
VNDirect Securities Company (VND), with 2.1 million shares changing hands, was the most heavily traded stock on the northern bourse, closing unchanged at VND15,200 ($0.73).
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