|
Heavy selling drives stocks down
Both key indices this morning declined after a strong rally yesterday. On the HCM Stock Exchange, the VN-Index lost 0.9 per cent to close at 439.57 points. Losers outnumbered gainers by 117-89.
Trading value dropped slightly compared to yesterday, standing at VND627.3 billion (US$29.9 million), while trading volume rose 17.6 per cent to 37.4 million shares.
In the group of 10 leading shares in terms of capitalisation, only insurer Bao Viet Holdings (BVH) gained, ending the morning at 0.6 per cent. In contrast, six shares declined and three closed unchanged.
Two codes – property developer Hoang Anh Gia Lai (HAG) and Sacombank (STB) – slid nearly 1 per cent. Meanwhile, Vietinbank (CTG), Phu My Fertilisers (DPM), software giant FPT (FPT) and food producer Masan Group (MSN) lost between 2.8 to 4.4 per cent.
Sai Gon Securities Inc (SSI) was the highest traded share with 3.1 million changing hands. However, it ended the session down 0.8 per cent.
The HNX-Index also dipped 0.6 per cent, ending 75.63 points. The gap between losers and gainers was narrow.
However, market value reached VND715.9 billion ($34.1 million) on the Ha Noi Stock Exchange, jumping 64.8 per cent from yesterday's session. The volume of trade climbed 74.7 per cent, reaching 66.4 million shares.
Kim Long Securities Company (KLS) was the most actively traded code, with 5.6 million shares changing hands.
vietnamnews
|
