Shares plunge in HCM City while rising in HN
Share trading on the HCM City Stock Exchange closed negatively on Monday while reaching a high note on the Ha Noi bourse. Total trading volume across the two bourses rose to nearly 120 million shares, valued at VND1.63 trillion (US$79.1 million).
In HCM City, the VN-Index closed on a 0.52 per cent slump of 442.69 points.
Trading value soared by 33 per cent to VND887.3 billion (US$43 million), while trading volume surged by 40 per cent to 57.6 million shares on Friday.
Gainers outnumbered losers by 155-71, 50 per cent hitting the daily limit of 5 per cent while most were made up of penny and mid caps with share prices of around VND10,000 ($0.49) per share.
Seven out of the ten largest blue chips lost value and included Bao Viet Holdings (BVH; 5 per cent), PetroVietnam Finance (PVF; 3.6 per cent), the Masan Group (MSN; 3 per cent), Vietinbank (CTG; 2.5 per cent), and Phu My Fertiliser (DPM), the Hoang Anh Gia Lai Company (HAG), the Hoa Phat Group (HPG) (under 1 per cent).
Only property developer Vincom (VIC) reached ceiling price.
Saigon Securities Inc (SSI) stock were the most actively traded, 2.46 million shares changing hands, closing on a 1.5 per cent increase to VND20,700 ($1) a share.
In Ha Noi, the HNX-Index surged by 2.24 per cent to close at 80.87 points.
Trading value and volume rose slightly compared to Friday, reaching VND749.6 billion ($36.4 million) on a volume of nearly 70 million shares.
Gainers outnumbered losers by 258-47.
Kim Long Securities (KLS) stock were the most heavily traded, 6.55 million shares changing hands while hitting the ceiling price of VND12,000 ($0.58) per share.
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