Thursday, 17/05/2012 15:07

Shares down after posting gains

Shares were sluggishly traded during this May 17 morning's session despite early gains.

On the HCM City Stock Exchange, the VN-Index slid 0.16 per cent to 449.19 points.

Gainers, however, outnumbered losers by 124-103.

The value of trades dropped 25.6 per cent over yesterday morning's level, reaching VND650.8 billion (US$31 million). Trading volume also fell at the same rate to 43.6 million shares.

The VN30 slightly decreased to 519.59 points. Among the 30 leading shares tracked by the index, although half of them posted gains, the largest shares retreated, pushing indices down.

Vietcombank (VCB) tumbled by 1.2 per cent, while insurer Bao Viet (BVH) lost 1.8 per cent and property developer Vincom (VIC) shed 0.5 per cent.

On the Ha Noi Stock Exchange, the HNX-Index dropped 0.55 per cent to 77.12 points.

Trading totalled VND259.2 billion ($12.3 million) on a volume of nearly 24.5 million shares, reaching only 64.8 per cent of yesterday morning's session in terms of value.

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