Shares in both the Hanoi and HCM City bourses on April 26retreated after a good performance on the previous session. In HCMCity , blue chips tumbled, while securities shares were heavily tradedin Hanoi .
Although information on the soaring CPI didnot seem to affect the Vietnamese stock market the previous day, thehigh cumulative CPI as well as materials prices and cost-push inflationpulled indices down on April 26.
On the HCM StockExchange, the VN-Index dropped 3.76 points, or 0.8 percent, to 461.86.Trading volume stood at 27.4 million, worth 666.4 billion VND (31.7million USD), compared to the 26.3 million worth 561.1 billion VND (26.7million USD) on April 25.
Decliners outnumbered advancersby 178-57. Among the ten largest capitalised codes, only food producerMasan Group (MSN) gained, closing up nearly 5 percent at 108,000 VND,while shares declined for the other nine.
SaigonSecurities (SSI) saw the highest volume of about 1.6 million sharesexchanged, although it closed down nearly 2 percent at 19,800 VND.
In Hanoi , shares followed a downward trend. The HNX-Index retreated1.79 percent to close at 83.74 points. Around 29.6 million shares worth397 billion VND (18.9 million USD) changed hands.
Losers were three times higher than gainers.
Securities shares that had made gains on April 25 were heavily traded.They included VNDirect Securities with 2.2 million shares changinghands, Bao Viet Securities (BVS) with 2 million shares, and Kim LongSecurities (KLS) with 2.1 million shares traded.
Foreign investors in HCM City , after being net sellers on April 25, returned to net buyers.
Thus, foreign net buyers picked 3.9 million shares worth 141 billionVND (6.7 million USD), in which 3.4 million shares, equivalent to 133billion VND, were bought in HCM City .
"After thestrong rally on April 25, demand weakened and supply increased intoday's session, causing many investors to stay cautious with a bulltrapdrama. Shares were heavily sold, and it became an unavoidable trend forlarge-cap stocks," said Nguyen Phuc Thinh, head of the Analysis andConsultation Department of Hoa Binh Securities Joint Stock Company.
The rally of blue chips depended on the purchasing capabilities offoreign investors. Masan Group (MSN) and insurer Bao Viet Holdings (BVH)would likely continue to support the VN-Index in April 27's session,Thinh added. /.
Although information on the soaring CPI didnot seem to affect the Vietnamese stock market the previous day, thehigh cumulative CPI as well as materials prices and cost-push inflationpulled indices down on April 26.
On the HCM StockExchange, the VN-Index dropped 3.76 points, or 0.8 percent, to 461.86.Trading volume stood at 27.4 million, worth 666.4 billion VND (31.7million USD), compared to the 26.3 million worth 561.1 billion VND (26.7million USD) on April 25.
Decliners outnumbered advancersby 178-57. Among the ten largest capitalised codes, only food producerMasan Group (MSN) gained, closing up nearly 5 percent at 108,000 VND,while shares declined for the other nine.
SaigonSecurities (SSI) saw the highest volume of about 1.6 million sharesexchanged, although it closed down nearly 2 percent at 19,800 VND.
In Hanoi , shares followed a downward trend. The HNX-Index retreated1.79 percent to close at 83.74 points. Around 29.6 million shares worth397 billion VND (18.9 million USD) changed hands.
Losers were three times higher than gainers.
Securities shares that had made gains on April 25 were heavily traded.They included VNDirect Securities with 2.2 million shares changinghands, Bao Viet Securities (BVS) with 2 million shares, and Kim LongSecurities (KLS) with 2.1 million shares traded.
Foreign investors in HCM City , after being net sellers on April 25, returned to net buyers.
Thus, foreign net buyers picked 3.9 million shares worth 141 billionVND (6.7 million USD), in which 3.4 million shares, equivalent to 133billion VND, were bought in HCM City .
"After thestrong rally on April 25, demand weakened and supply increased intoday's session, causing many investors to stay cautious with a bulltrapdrama. Shares were heavily sold, and it became an unavoidable trend forlarge-cap stocks," said Nguyen Phuc Thinh, head of the Analysis andConsultation Department of Hoa Binh Securities Joint Stock Company.
The rally of blue chips depended on the purchasing capabilities offoreign investors. Masan Group (MSN) and insurer Bao Viet Holdings (BVH)would likely continue to support the VN-Index in April 27's session,Thinh added. /.
