Blue chip stocks sold off heavily on July 18 afternoon, driving theVN-Index on the Ho Chi Minh Stock Exchange down 0.13 percent to closethe session at 496.84 points.
Some of the VN30(measuring the top 30 shares by market capitalisation and liquidity)maintained rises in the morning, including steelmaker Hoa Phat Group(HPG), Southern Rubber Industry Co (CSM) and Masan Group (MSN), but manylost value by the end of the session.
Losersincluded Hoang Anh Gia Lai Group (HAG), Phu My Fertiliser (DPM), FPTCorp (FPT), VinGroup (VIC) and Bao Viet Holdings (BVH) with falls from0.7 percent to 1.4 percent.
With half of its members in a slump, the VN30 fell 0.13 percent to hit 550.67.
Overall market condition was also negative as decliners outnumbered advancers by 118-70 while 93 codes closed unchanged.
According to many analysts, July 17's fuel-price hike accompanied bysluggish market sentiment in recent days further dampened investorinterest.
They were hesitant to make new investments and only paid attention to shares with good fundamentals.
Heavy trading in blue chips helped lift total market value on the dayto more than 1.33 trillion VND (63.5 million USD). VN30 shares made upmore than 70 percent of trading, valued at 944.4 billion VND (45 millionUSD).
Property developer VinGroup (VIC) remainedthe most active code. A total of 4.2 million shares changed hands at63,500 VND (3.02 USD) a share.
On the Hanoi Stock Exchange, the HNX-Index sank in the red, closing the day's session off 0.44 percent at 62.97 points.
Trading was still sluggish with nearly 20 million shares worth 147 billion VND (7 million USD) exchanged.
Shares of another property company, Sacomreal (SCR), were the mostactive in Hanoi during the day with 2.35 million exchanged at 7,100 VNDeach, down 2.74 percent from the previous session's closing price.
Foreign investors were again net sellers in HCM City ,unloading shares worth nearly 18 billion VND (857,000 USD), but theycontinued to be net buyers in Hanoi , buying shares worth 5.5 billionVND (262,000 USD).-VNA
Some of the VN30(measuring the top 30 shares by market capitalisation and liquidity)maintained rises in the morning, including steelmaker Hoa Phat Group(HPG), Southern Rubber Industry Co (CSM) and Masan Group (MSN), but manylost value by the end of the session.
Losersincluded Hoang Anh Gia Lai Group (HAG), Phu My Fertiliser (DPM), FPTCorp (FPT), VinGroup (VIC) and Bao Viet Holdings (BVH) with falls from0.7 percent to 1.4 percent.
With half of its members in a slump, the VN30 fell 0.13 percent to hit 550.67.
Overall market condition was also negative as decliners outnumbered advancers by 118-70 while 93 codes closed unchanged.
According to many analysts, July 17's fuel-price hike accompanied bysluggish market sentiment in recent days further dampened investorinterest.
They were hesitant to make new investments and only paid attention to shares with good fundamentals.
Heavy trading in blue chips helped lift total market value on the dayto more than 1.33 trillion VND (63.5 million USD). VN30 shares made upmore than 70 percent of trading, valued at 944.4 billion VND (45 millionUSD).
Property developer VinGroup (VIC) remainedthe most active code. A total of 4.2 million shares changed hands at63,500 VND (3.02 USD) a share.
On the Hanoi Stock Exchange, the HNX-Index sank in the red, closing the day's session off 0.44 percent at 62.97 points.
Trading was still sluggish with nearly 20 million shares worth 147 billion VND (7 million USD) exchanged.
Shares of another property company, Sacomreal (SCR), were the mostactive in Hanoi during the day with 2.35 million exchanged at 7,100 VNDeach, down 2.74 percent from the previous session's closing price.
Foreign investors were again net sellers in HCM City ,unloading shares worth nearly 18 billion VND (857,000 USD), but theycontinued to be net buyers in Hanoi , buying shares worth 5.5 billionVND (262,000 USD).-VNA
