Shares continue to decline on both exchanges

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VietStock FI English - 86 month(s) ago 10 readings

Shares continue to decline on both exchanges

Shares continued to retreat on the nation's two stock exchanges in both volume and value on Jan. 25. On the HCM City Stock Exchange, the VN-Index declined 1.55 per cent to close at 501.97.

Volume of the day's trades reached almost 39.7 million shares worth a total of VND1 trillion (US$51.3 million).

Decliners outnumbered advancers by 174-64.

Blue chips tumbled. Among the 10 largest capitalised stocks, only property developer Vincom (VIC) rose with a 3.4 per cent gain while Bao Viet Holdings (BVH) and Phu My Fertiliser (DPM) dropped to their floor prices.

Masan Group (MSN) also decreased 4 per cent; PetroVietnam Finance (PVF), 3.8 per cent and Hoang Anh Gia Lai Company (HAG), 1.9 per cent.

Most gainers were penny and mid-cap stocks such as Tan Binh Import – Export Corporation (TIX), Sao Vang Rubber Companympany (SRC) and Godaco Seafood Company (AGD), who all rose to their ceiling prices.

Sacombank (STB) was the most active stock with almost 3 million shares changing hands, but it closed 0.6 per cent down.

On the Ha Noi Stock Exchange, the HNX-Index fell 0.87 per cent to close at 105.3.

Market volume reached over 24.1 million shares worth almost VND423.8 billion ($21.7 million).

Losers outnumbered gainers by 221-59.

Among the 10 leading capitalised shares, only Tien Phong Plastic (NTP) posted a gain with a 1 per cent rise.

Asia Commercial Bank (ACB), PetroVietnam Construction (PVX) and Kim Long Securities (KLS) all fell over 2 per cent, of which the latter was the most heavily-traded stock on the Ha Noi bourse with over 2 million shares traded.

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