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Shares fall short of three-day rally
Shares lost yesterday on both exchanges, rallying for just two sessions on Wednesday and Thursday. However, FPT Securities Co analysts said the market trend was not negative.
"Selling pressure at low prices did not prevail," they said. "Actually, a new level of prices is being formed to stimulate bottom-fishing cash."
On the HCM City Stock Exchange, the VN-Index lost 0.38 per cent to 481.13 points. Losers overwhelmed gainers by 114-77.
Trading value rose slightly over the previous trading day to about VND1 trillion (US$47.6 million) as 62.4 million shares changed hands.
The slumps of half of 30 blue chips tracked by the VN30 drove the index down 0.25 per cent to 538.54 points. Six stocks slightly increased.
On the Ha Noi Stock Exchange, the HNX-Index shed 0.14 per cent, reaching 62.76 points.
Trading value fetched VND262.2 billion ($12.4 million) with 35.9 million shares exchanged.
The HNX30, composed of the northern bourse's 30 leading shares, also fell 0.4 per cent to 116.93 points.
Foreign investors shifted from net sellers to net buyers yesterday by a combined margin of over VND23 billion (more than $1 million).
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