Bourses: Shares down for four sessions
Shares tumbled again on the two local exchanges on November 29 as foreign investors continued offloading local assets.
Illustrative image (Source: VNA)The benchmark VN Index on the HCM Stock Exchange fell 1.1 percent to close at 658.26 points. The southern market index has lost 3.6 percent in the last four sessions.
The HNX Index on the Hanoi Stock Exchange inched down 0.1 percent to end at 80 points, falling a total of 1.7 percent after four trading days.
Foreign investors remained net sellers for the ninth consecutive session with a total net sell value of 252.63 billion VND (11.2 million USD) made on both local exchanges.
Of the 10 largest companies by market capitalisation, Faros Construction Corp (ROS), consumer goods producer Masan Group (MSN), property developer Vingroup (VIC), Vietcombank (VCB), Vietinbank (CTG) and the Bank for Investment and Development of Việt Nam (BID) all declined.
Dairy firm Vinamilk (VNM) remained as the must-sold stock in foreign portfolios. Foreign investors offloaded a net value of 229.66 billion VND worth of Vinamilk’s shares.
However, VNM rebounded 4 percent to end at four-day decline of 8.2 percent after the State Capital Investment Corporation (SCIC) announced its final price for 9 percent of shares in Vinamilk at 144,000 VND per share.
More than 166.2 million shares were exchanged, worth 3.14 trillion VND.- VNA
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