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Shares continue to slide on low market volume, value
Shares continued to decline on Viet Nam's stock exchanges Tuesday morning, with losers outnumbering gainers.
In the HCM Stock Exchange, the VN-Index lost another 0.93 per cent to close the session at 418.18 points. Today's trades continued to be sluggish with just 28.4 million shares worth more than VND485.7 billion (US$23.3 million) changing hands.
Losers outdid gainers by 160-68, with 45 falling around the daily limit of 5 per cent.
The performance of blue chips was mixed. Steelmaker Hoa Phat Group (HPG) rose slightly by 0.8 per cent while property developer Vincom (VIC) dropped by 3.1 per cent and Vietinbank (CTG) closed down 2.4 per cent. Others fell by under 1 per cent or closed unchanged.
Pha Lai Thermal Power Company (PPC) surprised the market when it became the most active stock on the southern bourse today with more than 1.3 million shares exchanged, hitting its ceiling price of VND7,200 by the end of the session.
On the Ha Noi Stock Exchange, the HNX-Index gained 0.11 per cent to finish today's session at 70.46 points. The market value decreased slightly over yesterday to nearly VND323.4 billion ($15.5 million) on a volume of 32.8 million shares.
VNDSecurities (VND) was the most active stock nation-wide today with 2.3 million shares changing hands, closing unchanged at VND11,000 ($0.53).
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