Trading remains sluggish on national bourses

Shares were back in the green in Ha Noi and retreated in HCM City during Wednesday's trade. On the HCM Stock Exchange, the VN-Index dropped 0.8 per cent to close at 433.97 points, although the majority of stocks posted gains.

The value of trade eased VND50 billion (US$2.4 million) from yesterday's level to just VND647.1 billion ($31.3 million) on a volume of 37.6 million shares.

Bluechips tumbled, with most of the 10 leading shares by capitalisation losing value. Food processor Masan Group (MSN) and insurer Bao Viet Holdings (BVH) slumped by nearly 4 per cent.

Meanwhile, Vietcombank (VCB) rose to its ceiling price of VND27,900 per share. Sacombank (STB), dairy product processor Vinamilk (VNM) and software giant FPT Corporation (FPT) advanced by 0.7-1 per cent.

Property developer Hoang Quan Company (HQC) reached its ceiling price of VND14,000 and was the most active code with nearly 2.1 million shares changing hands.

On the Ha Noi Stock Exchange, the HNX-Index closed up 0.3 per cent to 73.58 points.

Gainers outnumbered losers by 142-116.

Trading value fell 25.5 per cent compared to yesterday's session to VND386.7 billion ($18.7 million), as 35.8 million shares changed hands.

VNDirect Securities Company (VND) surpassed Kim Long Securities Company (KLS) to be the most heavily traded stock nationwide, with 3.1 million shares exchanged.

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