Blue-chips drag down share prices

Share prices in Vietnam’s stock market declined slightly on September 26.
Share prices in Vietnam’s stock market declined slightly on September 26.

On the Ho Chi Minh Stock Exchange, the benchmark VN-Index slid by 0.02 percent to 604.98 points. Trading value and volume fell below Thursday's level, reaching 2.6 trillion VND (122.6 million USD) and 143.9 million shares.

Among the 30 largest stocks led by capitalisation and liquidity, rubber companies, Casumina (CSM) and Da Nang Rubber (DRC) continued to fall rapidly, losing 2.5 percent and 3.2 percent, respectively. The shares of 14 other companies likewise lost their reference prices.

Only eight of the blue chips finished in the green. The index fell by 0.58 percent and closed at 649.63 points.

Property developers FLC Group (FLC), Kinh Bac (KBC), Tan Tao (ITA) and Sacom (SAM), along with financial stock Ocean Group (OGC) and Viet-Han Investment and Manufacturing (VHG), were the most active codes with more than 5.3 million shares exchanged.

On the Hanoi Stock Exchange, the HNX-Index inched down by 0.1 percent to 88.56 points. The HNX30 Index, composed of the exchange's top shares, also shed 0.66 percent to 181.14 points over the slump of Bao Viet Securities (BVS), along with Kim Long Securities (KLS), PetroVietnam Technical Services (PVS), An Phat Plastic and Green Environment (AAA).

Around 77 million shares worth nearly 989.5 billion VND (46.6 million USD) changed hands.

The trading of foreign investors improved over that of the session on September 25, with a net buying value of 25.56 billion VND (1.2 million USD) in Hanoi and a net sale of just 9.3 billion VND (438,600 USD) in HCM City, a 97-percent fall.-VNA

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