Business

City stocks slide as blue chips fall

The HCM Stock Exchange closed at 600.14 points on July 25, with the VN-Index giving up nearly 2 points, or 0.32 percent.
The HCM Stock Exchange closed at 600.14 points on July 25, with the VN-Index giving up nearly 2 points, or 0.32 percent.

The decline, mainly of blue chips, dragged the market down as onlyfour of the top 30 shares by market value and liquidity advanced whileup to 23 stocks tumbled.

Many shares rose in the morning butfell in the afternoon. Among these were, FPT Corp (FPT) down 1.9percent, Hoa Phat Group (HPG) down 1.7 percent and Masan Group (MSN)down 1.6 percent. Vinamilk (VNM) went down by 0.7 percent.

The VN30 was down 0.72 percent to end at 641.96 points.

Trading was good with nearly 100 million shares and fund certificatesworth 1.68 trillion VND (79.6 million USD) exchanged by the end of thesession, up 10 percent over July 24's value.

Real estate FLCGroup (FLC) again led the market in terms of volume with 13.4 millionshares, rising 0.8 percent to close at 12,600 VND a share.

On the Hanoi Stock Exchange, the HNX-Index widened this week's loss by another 1.23 percent to end at 79.43 points.

The HNX30 also dived 2.12 percent to close at 159.09 points.

Trading decreased against July 24 as the market volume fell 10 percentto nearly 41 million shares worth over 521 billion VND (24.7 millionUSD), down 15 percent from the previous session.

PetroVietnamConstruction Corp (PVX) was the most active code on total trades ofnearly 4 million shares, closing flat at 4,400 VND per share.

Foreign investors remained net buyers on both markets on the day buttheir net buy values halved on the previous day, totalling nearly 56billion VND (2.7 million USD).-VNA
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