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Trading stays sluggish despite easing inflation
Shares added value in HCM City but lost ground in Ha Noi despite earlier gains. On the HCM Stock Exchange, the VN-Index closed 0.83 per cent higher at 414.46 points.
Trading value, however, dropped 36.7 per cent from last Friday's close to just VND346.8 billion (US$16.6 million) on a volume of 21.5 million shares.
The index was mainly lifted by the increase of food processor Masan (MSN) and Eximbank (EIB), which hit their ceiling prices. Three other blue chips also gained, adding between 1.1-2.4 per cent to their share price. The gainers included real estate developer Vincom (VIC), PetroVietnam (PVF) and insurer Bao Viet Holdings (BVH).
Meanwhile, half of the 10 largest shares led by market capitalisation tumbled.
Property trader Hoang Quan (HQC) was the most active code with 1.3 million shares changing hands. However, its share price fell by 2.9 per cent to VND10,200 per share.
Meanwhile on the Ha Noi Stock Exchange, the HNX-Index retreated 1 per cent to end at 68.43 points.
The volume of trades reached 27.7 million shares, a 30.8 per cent decrease, worth VND270.7 billion ($13 million).
Kim Long Securities Company (KLS) saw the highest trading volume nationwide with 3.94 million shares exchanged. It closed unchanged from last Friday's session at VND10,300.
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