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The most of bank shares lost value
Shares on the nation's two exchanges continued their losing streak this morning, but money flew into the market toward midday easing the pace of decline.
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| Source: VietstockFinance |
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Of the nine listed banks on both bourses, only Habubank (HBB) advanced 4.2 per cent and Sai Gon – Ha Noi Bank (SHB) finished at ceiling price of VND11,400. Meanwhile, two others bottomed out, including Eximbank (EIB) and Sacombank (STB).
On the HCM Stock Exchange, the VN-Index retreated 0.67 per cent to 442.00 points. The value of trades reached VND1.15 trillion (US$54.8 million), a 35 per cent fall compared to the level yesterday morning. Trading volume fetched 84.7 million shares.
Software giant FPT, Vinamilk (VNM) and property developer Vincom (VIC) were the only three of the 10 leading shares by capitalisation to post gains between 0.5-2.7 per cent.
Eximbank posted the highest trading volume of 8.5 million shares, followed by Military Bank (MBB) with 7.6 million.
The VN30, which tracks HCM City's best 30 stocks, shed 1.1 per cent to rest at 502.62 points.
On the Ha Noi Stock Exchange, the HNX-Index dropped 0.4 per cent to 74.92 points. Losers outnumbered gainers by 218-85.
Market value reached 59.3 per cent of yesterday morning's figure, totalling VND890.7 billion ($42.4 million) on a volume of 97.6 million shares.
With 23.7 million shares changing hands, HBB was the most active code nationwide, while SHB also saw a high trading volume of over 10 million.
The market will resume at 1.00 pm.
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