Stocks slid further on October 14 on both exchanges as investors increased selling out because of fears of wider slumps.
The VN-Index on the Ho Chi Minh Stock Exchange lost more than 8 points, or 1.37 percent, to close the session at 605.79 points, while the VN30, which tracks the top 30 shares by market value and liquidity, went down 1.53 percent to end at 641.13 points.
Sell-offs happened on almost all blue chips. Large-cap shares such as PV Gas (GAS), Vinamilk (VNM), Vietcombank (VCB), Vietinbank (CTG), Bao Viet Holdings (BVH) and Phu My Fertiliser (DPM) all lost value.
According to analysts at FPT Securities Company, global stock markets' dives in recent sessions had a negative impact on the local exchanges, although it usually lacked correlation with outside markets.
The market volume was a little changed from the previous session, totaling 115.3 million shares worth more than 2 trillion VND (98 million USD).
Speculative stocks continued to draw investors' attention. FLC Group (FLC) and Tan Tao Investment Industry Corporation (ITA) were the two most active stocks on October 14 with 8.2 million FLC shares and 5.5 million ITA shares traded. However, shares of these two stocks slipped 1.7 percent and 1.1 percent, respectively.
On the Hanoi Stock Exchange, the HNX-Index also dropped 1 percent to finish at 89.52 points. The advancers doubled the decliners.
Trading volume climbed 10 percent over October 13 to reach over 65 million shares while value of trades was up 20 percent to 1 trillion VND (47.4 million USD).
PetroVietnam Construction Corporation (PVX) was again the most heavily-traded stocks with 7.9 million shares, sliding 1.52 percent to end at 6,500 VND a share.
According to technical analysis of Viet Capital Securities Co, the market was in "accumulation" period and the selling pressure will likely decrease in the next sessions when the two indices approach the support levels of 604 points for the VN-Index and 89.5 points for the HNX-Index.
Foreign investors also decreased their sells on October 14, as their net sell value on the two markets reached just 38 billion VND (1.8 million USD), down about 85 percent compared with their net total sells made on October 13.-VNA
The VN-Index on the Ho Chi Minh Stock Exchange lost more than 8 points, or 1.37 percent, to close the session at 605.79 points, while the VN30, which tracks the top 30 shares by market value and liquidity, went down 1.53 percent to end at 641.13 points.
Sell-offs happened on almost all blue chips. Large-cap shares such as PV Gas (GAS), Vinamilk (VNM), Vietcombank (VCB), Vietinbank (CTG), Bao Viet Holdings (BVH) and Phu My Fertiliser (DPM) all lost value.
According to analysts at FPT Securities Company, global stock markets' dives in recent sessions had a negative impact on the local exchanges, although it usually lacked correlation with outside markets.
The market volume was a little changed from the previous session, totaling 115.3 million shares worth more than 2 trillion VND (98 million USD).
Speculative stocks continued to draw investors' attention. FLC Group (FLC) and Tan Tao Investment Industry Corporation (ITA) were the two most active stocks on October 14 with 8.2 million FLC shares and 5.5 million ITA shares traded. However, shares of these two stocks slipped 1.7 percent and 1.1 percent, respectively.
On the Hanoi Stock Exchange, the HNX-Index also dropped 1 percent to finish at 89.52 points. The advancers doubled the decliners.
Trading volume climbed 10 percent over October 13 to reach over 65 million shares while value of trades was up 20 percent to 1 trillion VND (47.4 million USD).
PetroVietnam Construction Corporation (PVX) was again the most heavily-traded stocks with 7.9 million shares, sliding 1.52 percent to end at 6,500 VND a share.
According to technical analysis of Viet Capital Securities Co, the market was in "accumulation" period and the selling pressure will likely decrease in the next sessions when the two indices approach the support levels of 604 points for the VN-Index and 89.5 points for the HNX-Index.
Foreign investors also decreased their sells on October 14, as their net sell value on the two markets reached just 38 billion VND (1.8 million USD), down about 85 percent compared with their net total sells made on October 13.-VNA
