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Shares extend losing streak
Shares continued to slide during yesterday's session, following updates on the consumer price index (CPI).
While it was announced on Tuesday that the CPI in HCM City would rise 0.31 per cent, the Ha Noi Statistic Department said the index in the city increased 3.16 per cent compared to July due to a hike in medical services fees. If the fees were excluded, the CPI would rise only 0.59 per cent.
On the HCM City Stock Exchange, the VN-Index lost another 0.4 per cent, dropping to 502.70 points.
Trading decreased around 35 per cent in comparison to Tuesday's session, totalling VND973.3 billion (US$45.9 million) on a volume of 53.8 million shares.
The VN30, representing the performance of the top 30 stocks, also fell 0.3 per cent to reach 555.93 points.
Only seven stocks formed a rally, in which PetroVietnam Finance hit its ceiling price, while 18 others tumbled.
On the Ha Noi Stock Exchange, the HNX-Index shed 0.44 per cent to 62.38 points. The HNX30, composed of the exchange's 30 largest shares in terms of capitalisation and liquidity, dropped 0.3 per cent to 116.77 points.
Over 20.2 million shares were transacted, a meagre value of VND161.24 billion ($7.6 million).
Foreign investors narrowed their net selling in HCM City, unloading VND24.7 billion ($1.29 million), while buying continued in Ha Noi with a margin of nearly VND4.2 billion ($198,100).
Tomorrow the State Bank of Viet Nam will organise its 55th gold auction, bidding 26,000 taels at the reference price of VND37.8 million ($1,780).
After 54 sessions, the central bank has sold 1.45 million taels of gold valued at VND17.9 trillion ($844.3 million). Gold was traded yesterday at over VND38 million ($1,790) per tael.
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