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Blue chips turn down index
A sharp sell-off of blue chips caused the VN-Index on the HCM City Stock Exchange to surge 2.03 per cent to 454.91 points on Wednesday's morming.
Some 28.5 million shares changed hands, compared to 24.1 million yesterday. Value was higher at VND537.5 billion (US$25.6 million).
In total, 169 stocks dropped in value, with just 57 gainers and 63 closing unchanged.
The five biggest losers were Viet Nam Container Shipping (VSC), PetroVienam General Service (PET), Licogi 16 (LCG), Thu Duc Water Supply (TDW) and Lilama 18 (LM8).
Half of the ten biggest capitalised stocks hit their floor prices, they were insurer Bao Viet Holdings (BVH), down 5 per cent to VND85,500; resort developer Vinpearlland (VPL), down 4.7 per cent to VND62,000; property developer Hoang Anh Gia Lai (HAG), down 4.9 per cent to VND36,800; Masan Group (MSN), down 4.5 per cent to VND107,000; and Vincom (VIC), down 4.2 per cent to VND113,000.
Meanwhile, trading in Vietcombank (VCB) shares, which hit their ceiling price two days ago, slowed, gaining just 3.2 per cent to close at VND31,900 this morning. However, VCB saw 2.2 million shares change hands, the biggest trade of the day.
The HNX-Index declined 0.88-per-cent this morning to finish at 78.86 points.
Volume rose to 28.7 million shares, from 24.3 million yesterday, reaching a value of VND347.6 billion ($16.6 million). Habubank (HBB) was the most actively traded share, with 2.4 million changing hands.
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