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Shares retreat on meagre trading
Shares on both national exchanges slumped this morning, after rallying in 20 July. On the HCM Stock Exchange, the VN-Index ended 0.9 per cent down to 413.06 points.
Losers outnumbered gainers by 141-74.
Market value dropped 13.7 per cent from yesterday to VND345.8 billion (US$16.8 million) on a modest volume of 18.3 million shares.
Of the 10 leading shares by capitalisation, Eximbank (EIB) managed a gain of 2.6 per cent, while Sacombank (STB) closed unchanged, with the others losing between 0.6-2.1 per cent.
Software giant FPT (FPT) tumbled just under 2 per cent, although it had announced an increase of 11 per cent in first-half gross profit compared to the same period last year.
Real estate service provider Hoang Quan Corporation (HQC), along with STB, were the most-active codes, with about 1.2 million shares changing hands.
On the Ha Noi Stock Exchange, the HNX-Index fell 0.5 to close at 71.35 points.
The value of trades only reached 78 per cent of yesterday's value, totalling VND195.7 billion ($9.5 million). The volume of trades dived 21.5 per cent to 17.5 million shares.
With 2.95 million shares exchanged, Kim Long Securities Company (KLS) claimed the highest trading volume nationwide.
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