Business

Blue chips send shares tumbling

Profit-taking continued during May 15 session, with shares ending in the red at lower trading value.
Profit-taking continued during May 15 session, with shares ending in the red at lower trading value.

On the HCM Stock Exchange, the VN-Index shed 3 percent, finishing at 455.65 points.

Market value decreased by 20 percent compared to May 14's level,totalling nearly 1.6 trillion VND (76.1 million USD) on a volume ofnearly 97.2 million shares.

Only Sacombank (STB) amongstthe 10 leading shares by capitalisation added 1.7 percent, which failedto lift the index as the other nine stocks tumbled. Particularly, thelargest share – Vietcombank (VCB) – along with Vietinbank (CTG) andinsurer Bao Viet Holdings (BVH) plunged to floor prices.

The VN30 tracking the bourse's 30 best stocks also lost 2.5 percent to 522.90 points.

On the Hanoi Stock Exchange, the HNX-Index slid 2.6 percent, standing at 76.81 points. Losers outnumbered gainers by 268-37.

Around 78.2 million shares worth a combined value of 806 billion VNDchanged hands, dropping 17.7 and 14.5 percent against the previoustrading day's figures, respectively.

The most heavily traded code was again Habubank (HBB) with 7.7 million shares changing hands.-VNA
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