Local shares divided in different directions on the two bourses, withlower market liquidity as investors exercised caution on the market'scorrection.
The local bourses totaled 155.5 million shares intrading volume and 2.69 trillion VND (124.6 million USD) in tradingvalue, a decrease of 9.05 percent.
Foreign investors reduced their net buy value on both bourses by 19.74 percent to 79.72 billion VND (3.69 million USD).
Onthe Hochiminh Stock Exchange, the VN Index neared the benchmark of 634points, but shareholders with stronger selling activity in the latesession pushed the index below its value of the previous day.
The VN Index was down 0.12 percent to 631.26 points at the end of the session with 111 advancers and 88 decliners.
Thefall of large-cap shares, especially the ten largest stocks, was themain reason the VN Index's correction continued, as securities firmssuch as BIDV Securities Corporation predicted.
Among the 10largest shares, Vietcombank (VCB) extended its losses by 1.98 percentand PetroVietnam Gas Joint Stock Corporation (GAS) switched from againer to a decliner with a decrease of 0.8 percent.
Other bluechips like BIDV (BID), Vietinbank (CTG), Sacombank (STB) and Bao VietHoldings (BVH) also declined, dragging the VN Index down.
Asusual, some blue chips acted as supporters to keep the market fromfalling further – such as FPT Corporation (FPT), PetroVietnamTransportation Corporation (PVT) and particularly Hoa Sen Group (HSG),which reached the ceiling price at 45,900 VND.
The market also witnessed a change in money flow as it began to switch its focus from large-cap shares to mid-cap shares.
Amongthe most active stocks, five of them were mid-cap codes, including DucLong Gia Lai Group Joint Stock Company (DLG), Petrovietnam Power NhonTrach 2 Joint Stock Company (NT2) and Thanh Cong Textile GarmentInvestment Trading Joint Stock Company (TCM).
DLG was also themost active stock on the southern bourse with more than 11.2 millionshares exchanged yesterday, but the share hit its floor value for thesecond time.
The HNX Index on the Hanoi Stock Exchange ended at86.32 points, an increase of 0.28 percent with 89 gaining codes and 102losing ones.
Though gas shares continued declining, the northernmarket still improved thanks to blue chips such as VNDirect SecuritiesJSC (VND), Petrolimex Petrochemical Corporation JSC (PLC) and Tien PhongPlastic JSC (NTP).
Kim Vi Inox Import Export Production JointStock Company (KVC) and TNG Investment and Trading JSC (TNG) gained themost among the 10 most active stocks on HNX. KVC advanced 7.36 percentand TNG rose by 8.59 percent.-VNA
The local bourses totaled 155.5 million shares intrading volume and 2.69 trillion VND (124.6 million USD) in tradingvalue, a decrease of 9.05 percent.
Foreign investors reduced their net buy value on both bourses by 19.74 percent to 79.72 billion VND (3.69 million USD).
Onthe Hochiminh Stock Exchange, the VN Index neared the benchmark of 634points, but shareholders with stronger selling activity in the latesession pushed the index below its value of the previous day.
The VN Index was down 0.12 percent to 631.26 points at the end of the session with 111 advancers and 88 decliners.
Thefall of large-cap shares, especially the ten largest stocks, was themain reason the VN Index's correction continued, as securities firmssuch as BIDV Securities Corporation predicted.
Among the 10largest shares, Vietcombank (VCB) extended its losses by 1.98 percentand PetroVietnam Gas Joint Stock Corporation (GAS) switched from againer to a decliner with a decrease of 0.8 percent.
Other bluechips like BIDV (BID), Vietinbank (CTG), Sacombank (STB) and Bao VietHoldings (BVH) also declined, dragging the VN Index down.
Asusual, some blue chips acted as supporters to keep the market fromfalling further – such as FPT Corporation (FPT), PetroVietnamTransportation Corporation (PVT) and particularly Hoa Sen Group (HSG),which reached the ceiling price at 45,900 VND.
The market also witnessed a change in money flow as it began to switch its focus from large-cap shares to mid-cap shares.
Amongthe most active stocks, five of them were mid-cap codes, including DucLong Gia Lai Group Joint Stock Company (DLG), Petrovietnam Power NhonTrach 2 Joint Stock Company (NT2) and Thanh Cong Textile GarmentInvestment Trading Joint Stock Company (TCM).
DLG was also themost active stock on the southern bourse with more than 11.2 millionshares exchanged yesterday, but the share hit its floor value for thesecond time.
The HNX Index on the Hanoi Stock Exchange ended at86.32 points, an increase of 0.28 percent with 89 gaining codes and 102losing ones.
Though gas shares continued declining, the northernmarket still improved thanks to blue chips such as VNDirect SecuritiesJSC (VND), Petrolimex Petrochemical Corporation JSC (PLC) and Tien PhongPlastic JSC (NTP).
Kim Vi Inox Import Export Production JointStock Company (KVC) and TNG Investment and Trading JSC (TNG) gained themost among the 10 most active stocks on HNX. KVC advanced 7.36 percentand TNG rose by 8.59 percent.-VNA
