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Sluggish trading, shares continue to decline
Shares continued to decline on both national stock exchanges on Wednesday morning due to sluggish trade.
On the HCM Stock Exchange, the VN-Index slumped another 0.23 per cent to close today's session at 417.21 points despite the fact that advancers outnumbered decliners by 135-81.
While many mid-cap and penny stocks rebounded, blue chip stumbles dragged the Index down. Six of the 10 largest shares by market capitalisation fell, including Vietinbank (CTG) which closed down 2.9 per cent; property developer Vincom (VIC) and insurer Bao Viet Holdings (BVH) were down over 2 per cent; and food processor Masan Group (MSN) was down 1.7 per cent.
Phu My Fertiliser (DPM) and dairy producer Vinamilk (VNM) broke the trend and rose by around 1 per cent each.
Binh Duong Trade and Development Company (TDC) was the most active stock today with over 2 million shares changing hands, though its shares dropped to the floor price of VND9,400.
Today's trades improved overall with the trading value rising by 23 per cent to VND596 billion (US$28.6 million) on a volume of nearly 38 million shares.
On the Ha Noi Stock Exchange, the HNX-Index lost value in the final minutes of trading, closing the session at 70.34 points, a decrease of 1.17 per cent over yesterday. The market value remained sluggish at VND340.4 billion ($16.4 million) with over 33 million shares traded.
VNDSecurities (VND) was the most active stock with 2.67 million shares changing hands, closing up 1.8 per cent at VND11,200 ($0.53).
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