The market slumped on both bourses as the VN30 and HNX30 Indexes slid from their values in the previous session.
Onthe HCM Stock Exchange (HOSE), the VN30 Index dropped 7.6 points, equalto 1.16 percent, to 645.67 points with only five gainers.
Onthe Hanoi Stock Exchange (HNX), the HNX30 Index lost 3.26 points, or1.88 percent, to finish at 169.53 points with only three gainers.
TheVN-Index on the southern bourse was down 1.13 percent to finish at623.17 points, while the HNX-Index on the northern bourse fell by 1.46percent to close at 88.13 points.
Overall, the market was quitedisappointing, with decliners outnumbering gainers by 259 to 143 whilethe 259 other stocks remained flat.
Foreign investors alsoreduced their net buy value by 68.9 percent to 23.3 billion VND (1.08million USD). The decline in foreign investment also contributed to themarket slump.
Shares continued to receive strong inflows of moneyas market liquidity continued to grow with a gain of 11 percent to 4.3trillion VND (199 million USD), with a total of 259.5 million sharestraded.
The market slump was found in most of the leading shares on the market, including gas, securities and real-estate shares.
Gasshares extended their losses. On the HOSE, Petrovietnam Gas Corporation(GAS) and Petrovietnam Drilling and Well Service Corporation (PVD) lost1,500 VND and 2,000 VND per share, respectively.
On the northernbourse, Drilling Mud Corporation (PVC) and Petroleum Technical ServicesCorporation (PVS) had the biggest changes in their values, 1,300 VNDand 1,000 VND per share.
Declining securities shares included HCMCity Securities Corporation (HCM), Saigon Securities Incorporation(SSI), VNDirect Securities JSC (VND) and Saigon-Hanoi Securities JSC(SHS).
In addition, the market saw heavy losses in some leadingstocks such as Vietcombank (VCB), Vietnam Dairy Products Joint StockCompany (VNM), Ma San Group (MSN) and Vingroup Corporation (VIC).
Amongthe eight rising blue chips on the market, Bao Viet Holdings (BVH) andHCM City Infrastructure Investment Joint Stock Company (CII) extendedtheir gains. BVH was up 5.77 percent to 55,000 VND per share while CIIrose by 1,800 VND to hit the ceiling price of 27,600 VND per share.
Mostbank shares recorded slight growth, including Military Bank (MBB) andSacombank (STB), who gained 1.93 percent and 2.05 percent, respectively.On the northern bourse, Saigon-Hanoi Bank (SHB) rose by 2.3 percent to8,900 VND per share.
MBB and SHB were also the two most activecodes on each bourse. MBB ended with 16 million shares traded, while11.7 million SHB shares were exchanged on the market.-VNA
Onthe HCM Stock Exchange (HOSE), the VN30 Index dropped 7.6 points, equalto 1.16 percent, to 645.67 points with only five gainers.
Onthe Hanoi Stock Exchange (HNX), the HNX30 Index lost 3.26 points, or1.88 percent, to finish at 169.53 points with only three gainers.
TheVN-Index on the southern bourse was down 1.13 percent to finish at623.17 points, while the HNX-Index on the northern bourse fell by 1.46percent to close at 88.13 points.
Overall, the market was quitedisappointing, with decliners outnumbering gainers by 259 to 143 whilethe 259 other stocks remained flat.
Foreign investors alsoreduced their net buy value by 68.9 percent to 23.3 billion VND (1.08million USD). The decline in foreign investment also contributed to themarket slump.
Shares continued to receive strong inflows of moneyas market liquidity continued to grow with a gain of 11 percent to 4.3trillion VND (199 million USD), with a total of 259.5 million sharestraded.
The market slump was found in most of the leading shares on the market, including gas, securities and real-estate shares.
Gasshares extended their losses. On the HOSE, Petrovietnam Gas Corporation(GAS) and Petrovietnam Drilling and Well Service Corporation (PVD) lost1,500 VND and 2,000 VND per share, respectively.
On the northernbourse, Drilling Mud Corporation (PVC) and Petroleum Technical ServicesCorporation (PVS) had the biggest changes in their values, 1,300 VNDand 1,000 VND per share.
Declining securities shares included HCMCity Securities Corporation (HCM), Saigon Securities Incorporation(SSI), VNDirect Securities JSC (VND) and Saigon-Hanoi Securities JSC(SHS).
In addition, the market saw heavy losses in some leadingstocks such as Vietcombank (VCB), Vietnam Dairy Products Joint StockCompany (VNM), Ma San Group (MSN) and Vingroup Corporation (VIC).
Amongthe eight rising blue chips on the market, Bao Viet Holdings (BVH) andHCM City Infrastructure Investment Joint Stock Company (CII) extendedtheir gains. BVH was up 5.77 percent to 55,000 VND per share while CIIrose by 1,800 VND to hit the ceiling price of 27,600 VND per share.
Mostbank shares recorded slight growth, including Military Bank (MBB) andSacombank (STB), who gained 1.93 percent and 2.05 percent, respectively.On the northern bourse, Saigon-Hanoi Bank (SHB) rose by 2.3 percent to8,900 VND per share.
MBB and SHB were also the two most activecodes on each bourse. MBB ended with 16 million shares traded, while11.7 million SHB shares were exchanged on the market.-VNA
