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Sluggish trading pulls indices down
Shares on both national exchanges slumped after a two-day rally.On the HCM Stock Exchange, the VN-Index dived 0.63 per cent to close the day at 428.30 points.
Decliners outnumbered advancers by 173-49. The value of trades, however, rose 37.6 per cent over yesterday to VND538 billion (US$26.1 million) on a volume of nearly 22 million shares.
The 10 largest shares by capitalisation struggled, with six codes plunging between 0.3-2.6 per cent. Vietinbank (CTG) and food producer Masan Group (MSN) closed unchanged, while estate developer Vincom (VIC) and software giant FPT (FPT) closed up 0.8 and 1.7 per cent respectively.
Saigon Securities Inc (SSI) was the most heavily traded stock, with 1.4 million shares changing hands. However, it lost 0.6 per cent falling to VND18,000.
The HNX-Index on the Ha Noi Stock Exchange dipped 1.17 per cent to 73.44 points.
Nearly half of the northern bourse's codes lost ground. Meanwhile, market value and volume only reached 77 per cent of yesterday's session, standing at VND258.4 billion ($1.3 million) and 22.5 million shares.
Speculative share Kim Long Securities (KLS) claimed the highest trading volume nationwide with 4.07 million shares changing hands.
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