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Profit-taking weighs on market
Although trade improved on both national exchanges, the two benchmark indices retreated during Tuesday morning's session. On the HCM Stock Exchange, the VN-Index lost 1.3 per cent to close on 396.55 points.
Losers outnumbered gainers by 179-58.
Trade value jumped 37.7 per cent over yesterday's session to VND601.2 billion (US$29.2 million) while trade volume increased to 30.5 million shares.
The 10 largest capitalised shares were mixed with insurer Bao Viet Holdings (BVH), PetroVietnam Finance (PVF) and real estate developer Vincom (VIC) bottoming out. Meanwhile, Sacombank (STB) hit its ceiling price of VND14,900 and food producer Masan Group (MSN) edged up 0.5 per cent.
Eximbank (EIB) closed unchanged while four others, including real estate developer Hoang Anh Gia Lai (HAG) which managed gains yesterday, lost between 0.8-3.6 per cent.
STB was still the most actively traded code with 2.3 million shares changing hands.
On the Ha Noi Stock Exchange, the HNX-Index plunged 1.8 per cent to 67.35 points.
Losers outnumbered gainers by 197-49.
Market value reached VND273 billion ($13.3 million), a rise of 34.2 per cent compared to yesterday, on a volume of 26 million shares.
Kim Long Securities Co (KLS) claimed the highest nationwide trading volume with nearly 3.5 million shares exchanged.
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