Shares dip on lower value in HCM City and Ha Noi sell-off
The two benchmark indices continued to lose ground this morning as the pressure to offload stock rose.
On the HCM Stock Exchange, the VN-Index retreated 1.15 per cent, ending at 391.74 points with 190 out of 280 codes declining.
The value of trades reached VND557.4 billion (US$26.1 million), down 3 per cent on yesterday's session. Trading volume reached 37 million shares.
Among blue chips, only Vinamilk (VNM) and food processor Masan (MSN) advanced, gaining 1.4 and 0.8 per cent respectively. Meanwhile, PetroVietnam Finance (PVF) and property developer Vincom (VIC) hit their floor prices.
Sacombank (STB) was the most active code with 1.67 million shares traded. It ended unchanged from yesterday's close at VND13,900.
On the Ha Noi Stock Exchange, the HNX-Index lost 1.8 per cent, hitting 62.45 points.
Losers outnumbered gainers by 185-45.
Market value, however, surged 88.2 per cent over yesterday's level, totalling VND389.6 billion ($18.3 million) on a volume of 48.6 million shares.
PetroVietnam Construction Company (PVX), not Kim Long Securities (KLS) as in previous sessions, was the most heavily traded stock with more than 3.5 million shares changing hands.
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