Bourses undergoing correction
Shares failed to add value on the HCM Stock Exchange on January 14 with
the benchmark VN-Index losing 0.8 percent to close at 458.97 points.
Shares failed to add value on the HCM Stock Exchange on January 14 with
the benchmark VN-Index losing 0.8 percent to close at 458.97 points.
Trading value dropped 21.7 percent compared to January 11’s session to 986.6 billion VND (46.9 million USD) as trading volume fetched more than 69.5 million shares.
Most blue chips tumbled. Insurer Bao Viet Holdings (BVH) bottomed out.
Meanwhile, only five of the 30 leadings stocks tracked by the VN30 managed to grow. Notably, three of these hit their ceiling prices. They were property developer Tan Tao (ITA), commercial bank Kinh Do (KDC) and PetroVietnam Finance Corp (PVP).
The VN30 shed 1.5 percent to close at 537.42 points.
Despite the gloom, the HNX-Index on the Hanoi Stock Exchange gained 0.12 percent, standing at 60.62 points.
Around 72 million shares changed hands, and market value reached nearly 515.9 billion VND (24.5 million USD), or 80.6 percent of January 11’s level.
The HNX30, representing the performance of Hanoi bourse’s top shares, also managed to add 0.37 percent to finish at117.91.
However, the rally of both the HNX-Index and HNX30 was modest and fragile.-VNA
Trading value dropped 21.7 percent compared to January 11’s session to 986.6 billion VND (46.9 million USD) as trading volume fetched more than 69.5 million shares.
Most blue chips tumbled. Insurer Bao Viet Holdings (BVH) bottomed out.
Meanwhile, only five of the 30 leadings stocks tracked by the VN30 managed to grow. Notably, three of these hit their ceiling prices. They were property developer Tan Tao (ITA), commercial bank Kinh Do (KDC) and PetroVietnam Finance Corp (PVP).
The VN30 shed 1.5 percent to close at 537.42 points.
Despite the gloom, the HNX-Index on the Hanoi Stock Exchange gained 0.12 percent, standing at 60.62 points.
Around 72 million shares changed hands, and market value reached nearly 515.9 billion VND (24.5 million USD), or 80.6 percent of January 11’s level.
The HNX30, representing the performance of Hanoi bourse’s top shares, also managed to add 0.37 percent to finish at117.91.
However, the rally of both the HNX-Index and HNX30 was modest and fragile.-VNA
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