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Shares slide, led by blue chips
Stocks on both national exchanges suddenly slid at the end of this Thursday morning's session after earlier gains, due to increased selling pressure.
On the HCM City Stock Exchange, the benchmark VN-Index closed 0.36 per cent down at 485.87 points.
Trading value improved 37 per cent over yesterday morning, reaching nearly VND1.7 trillion (US$81 million) on a total volume of over 95 million shares.
Losers edged up gainers by 124-118, led by blue chips.
Half of the 30 leading shares by market value and liquidity declined, driving the VN30 Index down 0.42 per cent to 555 points.
Shares of property developers rose this morning, including Hoang Anh Gia Lai (HAG), Song Da Urban & Industrial Zone Investment and Development (SJS), Thu Duc Housing Development Corp (TDH), Becamex Infrastructure Development and Khang Dien Housing Development (KDH), which all grew from 1.6 to 4.6 per cent.
Tan Tao Investment Industry Corp (ITA) was the most active stock with over 3.8 million shares changing hands, gaining 1.1 per cent to settle at VND9,300.
On the Ha Noi Stock Exchange, the HNX-Index lost 0.6 per cent to close this morning at 83.26 points on a turnover of nearly VND730 billion ($34.5 million).
The market condition was neutral with 140 codes rising, 138 falling and 118 closing unchanged.
Habubank (HBB) maintained the position of the most active code with 7.57 million shares changing hands but almost bottomed out at VND6,200 a share by the end of the morning
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