Foreign selling drags down shares
A slight recovery during the last minutes of trading at the April 11
afternoon session helped narrow the morning losses, with the benchmark
indices ending slightly lower on both national stocks exchanges.
A slight recovery during the last minutes of trading at the April 11
afternoon session helped narrow the morning losses, with the benchmark
indices ending slightly lower on both national stocks exchanges.
On Hochiminh Stock Exchange, the VN-Index ended at 600.57 points, losing 0.76 points or 0.13 percent, on a trade of nearly 107 million shares.
The trading value reached 2.2 trillion VND (104 million USD), slightly lower than previous trading session.
With a majority of blue chips posting losses on April 11, the VN30-Index, tracking the southern bourse's largest stocks by capitalisation and liquidity, dropped 0.63 percent to close at 665.85 points.
This was due to the net selling by foreign investors who withdrew hundreds of billion dong from the market the day, the fourth consecutive day of such selling.
PetroVietnam Fertilisers and Chemicals Corporation (DPM) was the stock that the foreign investors sold the most on April 11 after the company targeted lower turnover and after-tax profit this year as compared with last year's results.
The DPM lost 3.6 percent to end at 44,400 VND (2.1 USD) per share.
Real estate developers Hoang Anh Gia Lai (HAG) and Vingroup (VIC) also witnessed net selling from the foreign investors. The VIC slid 1,500 VND (0.07 USD) per share while the HAG lost 300 VND (0.014 USD).
Other losers among blue chips included Hoa Sen Group (HSG), Hoa Phat Group (HPG), Vinamilk (VNM) and Bao Viet Holdings (BVH).
Although in the morning trading, no blue chips gained, five codes managed to advance in the afternoon.
On Hanoi, Exchange, the HNX-Index ended 0.18 percent lower, at 87.49 points, while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, ended at 88.99 points, adding 0.36 points.
Composed of the top stocks, the HNX30-Index finished 0.23 points, or 0.13 percent, higher to close at 183.24 points.
More than 81.7 million shares, with a total value of 948 billion VND (45.1 million USD), exchanged hands.
According to the FPT Securities, the market liquidity had not improved and for as long as the foreign investors continued to be net sellers, the market might continue to face difficulties in coming sessions.-VNA
On Hochiminh Stock Exchange, the VN-Index ended at 600.57 points, losing 0.76 points or 0.13 percent, on a trade of nearly 107 million shares.
The trading value reached 2.2 trillion VND (104 million USD), slightly lower than previous trading session.
With a majority of blue chips posting losses on April 11, the VN30-Index, tracking the southern bourse's largest stocks by capitalisation and liquidity, dropped 0.63 percent to close at 665.85 points.
This was due to the net selling by foreign investors who withdrew hundreds of billion dong from the market the day, the fourth consecutive day of such selling.
PetroVietnam Fertilisers and Chemicals Corporation (DPM) was the stock that the foreign investors sold the most on April 11 after the company targeted lower turnover and after-tax profit this year as compared with last year's results.
The DPM lost 3.6 percent to end at 44,400 VND (2.1 USD) per share.
Real estate developers Hoang Anh Gia Lai (HAG) and Vingroup (VIC) also witnessed net selling from the foreign investors. The VIC slid 1,500 VND (0.07 USD) per share while the HAG lost 300 VND (0.014 USD).
Other losers among blue chips included Hoa Sen Group (HSG), Hoa Phat Group (HPG), Vinamilk (VNM) and Bao Viet Holdings (BVH).
Although in the morning trading, no blue chips gained, five codes managed to advance in the afternoon.
On Hanoi, Exchange, the HNX-Index ended 0.18 percent lower, at 87.49 points, while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, ended at 88.99 points, adding 0.36 points.
Composed of the top stocks, the HNX30-Index finished 0.23 points, or 0.13 percent, higher to close at 183.24 points.
More than 81.7 million shares, with a total value of 948 billion VND (45.1 million USD), exchanged hands.
According to the FPT Securities, the market liquidity had not improved and for as long as the foreign investors continued to be net sellers, the market might continue to face difficulties in coming sessions.-VNA
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