Stocks slid in both HCM City and Hanoi on Dec. 14 as investors rushed to realise profits following three successive days of gains.
However, banking shares performed strongly, following the Government's decision to extend the deadline for commercial banks to meet stricter minimum capital requirements.
Banks now have until December 31, 2011, to register charter capital of at least 3 trillion VND (141.7 million USD).
Eximbank (EIB), Vietinbank (CTG), Vietcombank (VCB), Hanoi Housing Bank (HBB) and Sai Gon-Hanoi Bank (SHB) all jumped to their ceiling prices, while Asia Commercial Bank (ACB) rose by 6.2 per cent and Sacombank (STB) gained 4.3 per cent.
HBB, with over 16 million shares sold, and STB, with nearly 15 million, were also the two most-active shares nationwide.
On the HCM Stock Exchange, the VN-Index closed down overall by 0.12 per cent to end the session at 489.65. The value of the day's trades topped 3.28 trillion VND (156.2 million USD) with 135 million shares exchanged – the highest volume this year and the second most-active day in the market's 10-year history.
While gains in blue chips such as Bao Viet Holdings (BVH), PetroVietnam Finance (PVF) and Vincom Co (VIC) helped cushion the decline, losers nevertheless outnumbered advancers at the ratio of 197-52.
On the Hanoi Stock Exchange, the HNX-Index backed off by 1.77 per cent to close at 119.61. Both market volume and value doubled Dec. 13's levels, reaching an all-time record for this market of 111 million shares worth 2.26 trillion VND (107.6 million USD).
Foreign investors were net buyers in HCM City, picking up over 7.5 million shares worth 217 billion VND (10.3 million USD), but they were net sellers in Hanoi by a net of just 1.65 billion VND (78,600 USD)./.
However, banking shares performed strongly, following the Government's decision to extend the deadline for commercial banks to meet stricter minimum capital requirements.
Banks now have until December 31, 2011, to register charter capital of at least 3 trillion VND (141.7 million USD).
Eximbank (EIB), Vietinbank (CTG), Vietcombank (VCB), Hanoi Housing Bank (HBB) and Sai Gon-Hanoi Bank (SHB) all jumped to their ceiling prices, while Asia Commercial Bank (ACB) rose by 6.2 per cent and Sacombank (STB) gained 4.3 per cent.
HBB, with over 16 million shares sold, and STB, with nearly 15 million, were also the two most-active shares nationwide.
On the HCM Stock Exchange, the VN-Index closed down overall by 0.12 per cent to end the session at 489.65. The value of the day's trades topped 3.28 trillion VND (156.2 million USD) with 135 million shares exchanged – the highest volume this year and the second most-active day in the market's 10-year history.
While gains in blue chips such as Bao Viet Holdings (BVH), PetroVietnam Finance (PVF) and Vincom Co (VIC) helped cushion the decline, losers nevertheless outnumbered advancers at the ratio of 197-52.
On the Hanoi Stock Exchange, the HNX-Index backed off by 1.77 per cent to close at 119.61. Both market volume and value doubled Dec. 13's levels, reaching an all-time record for this market of 111 million shares worth 2.26 trillion VND (107.6 million USD).
Foreign investors were net buyers in HCM City, picking up over 7.5 million shares worth 217 billion VND (10.3 million USD), but they were net sellers in Hanoi by a net of just 1.65 billion VND (78,600 USD)./.
