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Blue chips lead share plunge
Blue chip declines continued to drag shares down on the HCM City Stock Exchange this Thursday morning.
Up to 80 per cent of the top 30 shares by market capitalisation and liquidity sank, of which the second largest share PV Gas, HCM City Infrastructure Investment (CII), Ocean Group (OGC) and Sacombank Securities (SBS) fell by the daily limit of 5 per cent.
Only food processor Masan Group (MSN), property developer Quoc Cuong Gia Lai (OQC) and Song Da Urban & Industrial Zone Investment and Development (SJS) bucked the trend, posting gains of below 1 per cent.
By the end of this morning, the benchmark VN-Index lost another 2.25 per cent to 426.94 points with decliners overwhelming advancers by 215-34.
The VN30 Index also slid 1.37 per cent to 501.48 points.
Trading value was a merge, totalling VND605 billion (US$28.8 million), on a volume of 38 million shares.
Eximbank (IEB) temporarily led this morning's trades with over 1.48 million shares exchanged, closing 1.1 per cent down at VND18,000 ($0.86).
On the Ha Noi Stock Exchange, the HNX-Index slumped 1.62 per cent to close at 72.42 points on a turnover of VND277 billion ($13.2 million).
Losers were five times higher than gainers, with VNDirect Securities (VND), the most active code on a volume of 2.6 million shares, finishing down 4.3 per cent at VND11,100 ($0.53).
This morning, the country's CPI (consumer price index) in May was reported to rise by just 0.18 per cent against the previous month, lifting the first five-month figure to 2.78 per cent
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