Business

Data dwindle stunts Vietnamese markets

Stocks opened the new trading week down on Nov. 19, with both bourses losing value following a lack of positive data.
Stocks opened the new trading week down on Nov. 19, with both bourses losing value following a lack of positive data.

Most businesses have already announced their third-quarter results,and so there was little news to rally the market during coming weeks,according to analysts from Bao Viet Securities Co.

Thebenchmark VN-Index edged down 0.62 percent to close the day at 383.32points but trading value rose 25.5 percent over the previous session onNov. 16 to 378.3 billion VND (18.1 million USD) on a total volume ofover 22.5 million shares.

Blue chips led the market downturn astwo thirds of the top 30 shares on the southern bourse tumbled, drivingthe VN30 down 0.73 percent to 452.36 points.

Software giantFPT Corp (FPT), Military Bank (MBB), Vietcombank (VCB), propertydeveloper Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF)declined from 1.2-2.4 percent.

MBB with nearly 1.77 millionshares changing hand was still the most active code by the end of theday, but the share fell harder during the afternoon with a loss of 2.4percent to 12,000 VND a share (0.57 USD).

On the Hanoi StockExchange, the HNX-Index closed 0.69 percent off at 51.45 points on a lowvalue of just 140.46 billion VND (6.7 million USD).

With awhopping volume of nearly 5.8 million shares exchanged, real estate armof Sacombank, Sacomreal (SCR), became the most active code. The sharesrose 4.8 percent to 4,400 VND a share.

Foreign investors alsounloaded shares on Nov. 19, responsible for a combined net sell ofalmost 24 billion VND (1.15 million USD) worth of shares.-VNA
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