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Accelerated sell-off lengthens market fall
Accelerated profit-taking amongst domestic stocks sent indexes into decline this morning. In HCM City, the VN-Index fell by 1.71 per cent to finish at 471.49 points.
Trading volume was around 40 per cent higher than last Friday, increasing to 25.4 million shares valued at VND490.3 billion (US$23.3 million).
Losers (Including 182 codes) outnumbered gainers by 4-1. Four stock traders, including Da Nang Rubber Company (DRC), Vietnam Ocean Shipping Company (VOS), Petro Capital and Infrastructure Investment Company (PTL) and Ba Ria-Vung Tau House Development Company (HDC), saw the heaviest losses during their ex-right dates.
Amongst the 10 largest capitalised stocks traded only Vietcombank (VCB), who closed on a 5 per cent increase, and Eximbank (EIB), who closed on a 0.7 per cent increase, gained points when remaining stocks closed down the session. Property developer Vincom (VIC) saw its shares fall to floor price (VND124,000).
Saigon Securities Inc (SSI) topped the market by trading nearly 1.1 million shares, closing on a 2 per cent increase of VND19,800.
In Ha Noi, the HNX-Index finished today's session on a 1.24-per-cent fall to 80.98 points.
Total trading volume came to around 22.4 million shares, valued at VND283.5 billion ($13.5 million), compared to the 19.1 million shares traded last Friday.
PV Gas North Company (PVG) topped the market by trading 2.4 million shares.
vietnamnews
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