Blue chips cushion VN-Index fall

Rallies of several blue chips by the end of Nov. 8's session cushioned the VN-Index fall, with the Index closing at 457.13, almost unchanged compared with Nov. 5's close.
Rallies of several blue chips by the end of Nov. 8's session cushioned the VN-Index fall, with the Index closing at 457.13, almost unchanged compared with Nov. 5's close.

The bourse's value fell by over 12 percent to almost 796 billion VND (39.8 million USD), on the volume of 31.9 million shares traded. Only 55 shares gained in value, while 154 declined, of which most blue chips tumbled.

Among major shares, investment corporation Masan Group (MSN), property developer Vincom (VIC), PetroVietnam Finance (PVF) and PetroVietnam Drilling and Well Services (PVD) were among the few gainers that rose to their ceiling price, thanks to heavy buying by foreign investors.

Sai Gon Securities Inc (SSI), with more than 500,000 shares bought by foreign sector, became the most active stock on a volume of over 2.9 million shares exchanged. SSI closed up 1.2 percent against Nov. 5's value to 25,000 VND (1.25 USD).

Foreign investors continued to be net buyers on both exchanges on Nov. 8, picking up 1.7 million shares which combined were worth more than 35 billion VND (1.7 million USD)./.

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