Profit-taking drags shares down

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VietNam News English - 31 month(s) ago 1 readings

Shares slid during this morning's session on both of the nation's exchanges. On the HCM City Stock Exchange, the VN-Index closed 0.74 per cent off to 410.91 points. Losers overwhelmed gainers by 131-98.

HA NOI – Shares slid during this morning's session on both of the nation's exchanges. On the HCM City Stock Exchange, the VN-Index closed 0.74 per cent off to 410.91 points. Losers overwhelmed gainers by 131-98.

Profit-taking made the volume of trades increase 20.6 per cent over yesterday's level to 59.1 million shares, while market value also rose 15.5 per cent to VND791.1 billion (US$37.6 million).

The VN30 lost nearly 0.7 per cent, reaching 462.27 points. The 30 stocks tracked by the index constituted VND452.8 billion ($21.5 million).

Of the 10 leading blue chips, only Vietinbank (CTG) and property developer Hoang Anh Gia Lai (HAG) ended in green, both up 0.4 per cent. Meanwhile, others retreated or closed unchanged.

Eximbank (EIB) was still the most heavily traded stock in HCM City with more than 4.1 million shares changing hands. Sell pressure also fell on such codes as Saigon Securities Inc (SSI), Military Bank (MBB), construction firm Licogi (LCG), investment group Tan Tao (ITA) and Becamex Infrastructure (IJC).

On the Ha Noi Stock Exchange, the HNX-Index lost 0.6 per cent, totaling 63.89 points. Trading value soared 47.5 per cent against the previous day to VND648.3 billion ($30.8 million) as trading volume hit 80.6 million shares.

PetroVietnam Construction Co (PVX) surprisingly became the most active code with some 10.6 million shares traded. It finished this morning up 4.6 per cent at VND9,100 per share.

Habubank (HBB), which led the market yesterday in terms of volume, saw a decline of 45 per cent in shares traded to 7.2 million. – VNS

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