Monday, August 21, 2017 - 19:22:04

Bourses see shares continue slipping

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On the HCM Stock Exchange on August 13, the VN-Index slid 0.35 percent to close at 497.73 points with the decliners outnumbering advancers by 143-72. One hundred shares closed the session flat.

Some blue chips sustained gains in the morning, including Vinamilk (VNM), Phu My Fertiliser (DPM), VinGroup (VIC), Gemadept (GMD) and PetroVietnam Drilling and Well Services (PVD), which rose between 0.7-1.2 percent. However, this failed to lift the whole market.

Half of the top 30 shares by market capitalisation and liquidity lost value, driving the VN30 down 0.05 percent to 550.36 points.

While market volume lifted 20 percent compared to the day before, reaching 36.5 million shares, trade value sank 30 percent to nearly 649 billion VND (30.9 million USD).

Newly-listed FLC Group (FLC) was again the most active stock with trades of 3.33 million shares, closing unchanged at 5,300 VND.

On the Hanoi Stock Exchange, the HNX-Index also edged down 0.36 percent to 61.22 points. The trading value remained low at just 148 billion VND (7million USD) on a total volume of 16.7 million.

PetroVietnam Construction (PVX) was the most active firm with 2.23 million shares traded at 3,900 VND each. Kim Long Securities (KLS) came second on trades of 2 million shares valued at 8,400 VND.

Foreign investors remained net buyers on both exchanges, picking up combined shares worth nearly 48.6 billion VND (2.3 million USD).-VNA
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