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Indices slump as losing stocks double gainers
Shares continued to decline at the end of this morning, despite having a positive opening, as the number of decliners doubled that of advancers on the two exchanges.
The VN-Index on the HCM Stock Exchange lost another 0.61 per cent to close at 541.09 points, while the VN30, which tracks the top 30 shares by market value and liquidity, was down 0.64 per cent at 567.36 points.
Meanwhile, liquidity remained low as just 43 million shares, valued at VND607.3 billion (US$28 million), were traded.
Ocean Group (OGC) rose for a second day, adding another 6.9 per cent to close at VND3,100 per share.
OGC had earlier been traded at the floor price, after it was taken over by the State Bank of Vietnam early this month, and its inexpensive pricing had lured bargain investors. This share is temporarily leading trades here, with 5.9 million shares having being purchased by the end of the morning.
On the Ha Noi Stock Exchange, the HNX-Index also slumped 0.72 per cent to end at 78.58 points.
The market volume continued falling, reaching just 17.5 million shares worth VND203.4 billion ($9.4 million).
The afternoon session will begin at 1pm.
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