Stock indices continued to slide this morning as two thirds of shares lost value on both national stock exchanges.
HA NOI -
The VN-Index on the HCM City Stock Exchange gave up nearly 8 points to close the morning's session at 421 points, down 1.81 per cent from Friday's value, as losers overwhelmed gainers by 218-24.
Value of trades totalled over VND1 trillion (US$47.6 million) on a volume of 57.2 million shares.
Blue chips slumped as up to 28 of the top 30 shares by market value and liquidity declined, of which seafood processor Hung Vuong Corp (HVG), Khang Dien Investment and Trading House (KDH) and Sacombank Securities Co (SBS) bottomed out.
Only property developer VinGroup (VIC) bucked the trend, posting an increase of 1.2 per cent to a close of VND82,000 ($3.90). Software giant FPT Corp (FPT) were unmoved at VND49,200 ($2.34).
The VN30 Index also lost 1.79 per cent to stand at 496.62 points, with Saigon Securities Inc (SSI) being the most active code on a trade of 2.2 million shares. SSI closed 3.7 per cent down at VND20,600 ($0.98).
On the Ha Noi Stock Exchange, the HNX-Index finished this morning down 2.45 per cent at 72.54 points on a turnover of VND237.7 billion ($11.3 million). Decliners outnumbered advancers by 183-28.
Habubank (HBB) was temporarily leading trades on the Ha Noi bourse with nearly 2.57 million shares changing hands, closing down 2 per cent at VND5,000 a share.
The afternoon session will resume at 1pm. - VNS