Vietnamese shares lost their rising momentum on October 10, with losers outnumbering gainers by more than double the number.
At the Ho Chi Minh Stock Exchange, the VN-Index dropped by one percent to 617.72 points. Trading value fell by 13.3 percent, reaching 2.6 trillion VND (122.6 million USD) on a volume of 150.4 million shares.
The VN30 Index, composed of the bourse's 30 leading stocks in terms of capitalisation and liquidity, retreated by 0.82 percent to close at 651.72 points.
Only four blue chips managed to rally while the giants, including insurer Bao Viet, private equity company Masan and property developer Vingroup, ended in the red.
PetroVietnam Gas failed to assist the southern market on October 10 as it closed 2.6 percent down. Apart from the steel industry, where Hoa Sen Group added 1.8 percent, other sectors decreased, with construction material companies slumping by 3 percent.
According to the exchange, in the first two quarters, the profit growth of listed companies slowed down. While revenue increased by 15.2 percent year-on-year, profit fell by 1.66 percent year-on-year while the return on assets (ROA) ratio declined by 9.73 percent, and the return on equity (ROE) declined by 8.46 percent.
At the Hanoi Stock Exchange, the HNX-Index also lost by 0.99 percent to end at 90.45 points. Total turnover reached 1.1 trillion VND (51.8 million USD), as the volume of transactions reached 81 million shares.
The HNX30 Index, representing the performance of Hanoi 's 30 largest stocks, decreased by 1.3 percent to close at 183.83 points.-VNA
At the Ho Chi Minh Stock Exchange, the VN-Index dropped by one percent to 617.72 points. Trading value fell by 13.3 percent, reaching 2.6 trillion VND (122.6 million USD) on a volume of 150.4 million shares.
The VN30 Index, composed of the bourse's 30 leading stocks in terms of capitalisation and liquidity, retreated by 0.82 percent to close at 651.72 points.
Only four blue chips managed to rally while the giants, including insurer Bao Viet, private equity company Masan and property developer Vingroup, ended in the red.
PetroVietnam Gas failed to assist the southern market on October 10 as it closed 2.6 percent down. Apart from the steel industry, where Hoa Sen Group added 1.8 percent, other sectors decreased, with construction material companies slumping by 3 percent.
According to the exchange, in the first two quarters, the profit growth of listed companies slowed down. While revenue increased by 15.2 percent year-on-year, profit fell by 1.66 percent year-on-year while the return on assets (ROA) ratio declined by 9.73 percent, and the return on equity (ROE) declined by 8.46 percent.
At the Hanoi Stock Exchange, the HNX-Index also lost by 0.99 percent to end at 90.45 points. Total turnover reached 1.1 trillion VND (51.8 million USD), as the volume of transactions reached 81 million shares.
The HNX30 Index, representing the performance of Hanoi 's 30 largest stocks, decreased by 1.3 percent to close at 183.83 points.-VNA
