Investors hold off after stocks dip

After a sharp fall on previous day afternoon, investors on March 27 were playing wait and see with the stock markets, explaining the low liquidity.
After a sharp fall on previous day afternoon, investors on March 27 were playing wait and see with the stock markets, explaining the low liquidity.

On the Ho Chi Minh City Stock Exchange, the VN-Index added 2.08 points, or 0.35 percent, to end the day at 590.14. The market breadth was neutral on the southern bourse where 114 shares tumbled, 60 closed unchanged, and 13 were untraded.

The prices for large-cap stocks were up and down. They included Vingroup (VIC) and Bao Viet Holdings (BVH) with reductions of 1,000 VND and 100 VND per share respectively, while PetroVietnam Gas (GAS), Vinamilk (VNM) and Vietcombank (VCB) closed unchanged at the reference prices.

The VN30-Index, tracking the southern bourse's top shares in capitalisation and liquidity, gained 5.02 points, or 0.76 percent, to end the day at 669.89.

Tan Tao Investment - Industry Corporation (ITA), remained the most active share with 16 million shares changing hands to finish at 10,600 VND per share. FLC Group (FLC), came second with 12 million shares. They leapt 2.9 percent to end at 14,400 VND per share. Ocean Group (OGC) soared 3.8 percent to settle at 13,800 VND on a trade of 5.3 million shares.

On the Hanoi Stock Exchange, the HNX-Index sank for the third day as sellers dominated the northern bourse. Traders still feared continued corrections at the back of huge gains.

The HNX-Index dropped 0.24 points, or 0.27 percent, to close the day at 89.55. The northern bourse saw 96 shares rise, 146 tumble and 74 close unchanged.

The HNX 30 Index composed of the capital city's top shares also surged 0.47 points, or 0.26 percent, to end at 183.97.

PetroVietnam Construction (PVX), was the most active share. A total of 12.4 million shares changed hands climbing 1.6 per cent to end at 6,400 VND per share. Kim Long Securities (KLS) was second in liquidity with 6.4 million shares changing hands. They leapt 1.5 percent to settle at 14,000 VND per share.-VNA

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