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Indices lose early gains, fall on meagre value
The benchmark VN-Index failed to sustain its early gains, closing today down 0.25 per cent at 408.39 points, though it reached over 411 points early in the Firday's morning.
The trading value decreased by 18 per cent to just VND417 billion (US$20.2 million) as nearly 23.6 million shares changed hands.
Losers inched up gainers by 101-97 overall on the HCM City bourse.
Blue chips performance were mixed. Software producer FPT (FPT), financial group Masan Group (MSN), Sacombank (STB), Vietcombank (VCB), Saigon Securities Inc (SSI) and steelmaker Hoa Phat Group (HPG) all rose; while insurer Bao Viet Holdings (BVH), property developer Vincom (VIC) and Vinperalland (VPL) and Vietinbank (CTG) lost value.
The fourth largest listed lender by capitalisation, Sacombank, became the most active stock, but with just over 800,000 shares changing hands, closing up 0.7 per cent at VND13,900 ($0.67).
On the Ha Noi Stock Exchange, the HNX-Index managed a tiny gain of 0.04 per cent to close at 69.95 points.
Today's trading value was bleak with just 16.4 million shares worth over VND198.5 billion ($9.6 million) changing hands.
Advancers outnumbered decliners by 125-111 overall.
Kim Long Securities (KLS) was again the most active stock nationwide, with 1.71 million shares exchanged, closing up 1 per cent at VND10,600 ($0.51).
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