A sharp sell-off of blue chips saw the VN-Index on the HCM Stock Exchange surge 2.03 percent to 454.91 points on May 18.
Transactions were more active with 28.5 million shares changing hands, compared to 24.1 million on May 17.
Total value was higher at 537.5 billion VND (25.6 million USD).
In total, 169 stocks dropped in value, while 57 gained and 63 closedunchanged. The biggest losers were Hanoi Container Shipping (VSC),PetroVienam General Service (PET), Licogi 16 (LCG), Thu Duc Water Supply(TDW) and Lilama 18 (LM8).
Half of the ten biggestcapitalised stocks hit their floor prices, including insurer Bao VietHoldings (BVH), down 5 percent to 85,500 VND; resort developerVinpearlland (VPL), down 4.7 percent to 62,000 VND; property developerHoang Anh Gia Lai (HAG), down 4.9 percent to 36,800 VND; Masan Group(MSN), down 4.5 percent to 107,000 VND and Vincom (VIC), down 4.2percent to 113,000 VND.
Blue chips lost 2.61 percent intotal, followed by penny stocks, down by 1.19 percent andmedium-capitalised stocks lost 0.9 percent, according to Tai VietSecurities' data.
Meanwhile, trading in Vietcombank (VCB)shares, which hit their ceiling price two days ago, slowed, gaining just3.2 percent to close at 31,900 VND.
However, VCB saw 2.2 million shares change hands, the biggest trade of the day.
Pham Van Duy, an analyst with a Hanoi-based securities firm, said thecut-loss activities might widen to further push down the index. "This isworth considering," he said.
Meanwhile, the repo interestrate on Open Market Operations (OMO) was up 1 percentage point to 15percent a year on the dong market, which hinted that tightened monetarypolicies would continue in the long term, said Duy.
"That means money inflow into the securities market continued narrowing," he said.
The HNX-Index declined 0.88 percent during the trading session tofinish at 78.86 points. Volume rose to 28.7 million shares, from 24.3million on May 17, reaching a value of 347.6 billion VND (16.6 millionUSD). Habubank (HBB) was the most actively traded share, with 2.4million in shares changing hands. /.
Transactions were more active with 28.5 million shares changing hands, compared to 24.1 million on May 17.
Total value was higher at 537.5 billion VND (25.6 million USD).
In total, 169 stocks dropped in value, while 57 gained and 63 closedunchanged. The biggest losers were Hanoi Container Shipping (VSC),PetroVienam General Service (PET), Licogi 16 (LCG), Thu Duc Water Supply(TDW) and Lilama 18 (LM8).
Half of the ten biggestcapitalised stocks hit their floor prices, including insurer Bao VietHoldings (BVH), down 5 percent to 85,500 VND; resort developerVinpearlland (VPL), down 4.7 percent to 62,000 VND; property developerHoang Anh Gia Lai (HAG), down 4.9 percent to 36,800 VND; Masan Group(MSN), down 4.5 percent to 107,000 VND and Vincom (VIC), down 4.2percent to 113,000 VND.
Blue chips lost 2.61 percent intotal, followed by penny stocks, down by 1.19 percent andmedium-capitalised stocks lost 0.9 percent, according to Tai VietSecurities' data.
Meanwhile, trading in Vietcombank (VCB)shares, which hit their ceiling price two days ago, slowed, gaining just3.2 percent to close at 31,900 VND.
However, VCB saw 2.2 million shares change hands, the biggest trade of the day.
Pham Van Duy, an analyst with a Hanoi-based securities firm, said thecut-loss activities might widen to further push down the index. "This isworth considering," he said.
Meanwhile, the repo interestrate on Open Market Operations (OMO) was up 1 percentage point to 15percent a year on the dong market, which hinted that tightened monetarypolicies would continue in the long term, said Duy.
"That means money inflow into the securities market continued narrowing," he said.
The HNX-Index declined 0.88 percent during the trading session tofinish at 78.86 points. Volume rose to 28.7 million shares, from 24.3million on May 17, reaching a value of 347.6 billion VND (16.6 millionUSD). Habubank (HBB) was the most actively traded share, with 2.4million in shares changing hands. /.
