Business

Markets fall on foreign sell-offs

Foreign investors on March 11 remained the markets' top sellers for the fourth session in a row as they increased their net selling value by 166.17 percent over the previous day’s session to 83.8 billion VND (4 million USD), hurting both southern and northern bourses' performance.
Foreign investors on March 11 remained the markets' top sellers for thefourth session in a row as they increased their net selling value by166.17 percent over the previous day’s session to 83.8 billion VND (4million USD), hurting both southern and northern bourses' performance.

Onthe Ho Chi Minh City market, foreign investors increased their netselling value by 105.08 percent to 72.67 billion VND (3.4 million USD).Those on the Hanoi market raised their number by 45.17 percent to 11.12billion VND (529,500 USD).

Overall, both markets traded a totalvolume of more than 124 million shares, a decrease of 14.5 percent, andended the day at a total value of 2.14 trillion VND (102 million USD), adecrease of 7.36 percent.

On the Hochiminh Stock Exchange, theVN-Index lost 0.53 percent to finish at 586.54 points. The total marketturnover was 1.56 trillion VND (74.5 million USD) with a volume of morethan 86 million shares.

The exchange's performance declined overthe March 10 session as the number of advancing stocks decreased to 79while the number of losing stocks increased to 136, and with 73 stayingunchanged.

The FLC Group Joint Stock Company (FLC) remained themost active code, however, its total trading volume decreased by threetimes over the previous day’s numbers to 9.8 million shares, worth 114billion VND (5.4 million USD).

The VN30 Index, tracking 30largest stocks in terms of capitalisation and liquidity, dropped by 0.29percent to end at 619.27 points with a generally poor performance inwhich losing stocks outnumbered advancing ones by 21 to 3.

Inaddition, on the southern market's VNMID Index, capturing theperformance of mid-cap shares, was decreased by 0.53 percent to closethe trading session at 654.00 points.

The Hochiminh City StockExchange's VNSML Index, which observes the performance of small-capshares also dropped by 0.3 percent to end at 691.67 points.

Onthe Hanoi Stock Exchange, the HNX-Index declined by 0.41 percent tofinish at 86.01 points despite having both liquidity and trading volumefinish higher than the previous session at 37.8 million shares and 580billion VND (27.6 million USD).

The PetroVietnam Coating JointStock Company (PVB) surpassed KLF International Investment Joint StockCompany (KLF) to topping trading volume and trading value, with 4.6million shares at 141.2 billion VND (nearly 6.7 million USD).

TheHNX30, comprising the northern bourse's 30 largest shares, lost 0.55percent to close at 165.31 points, but saw an increase in activity tonearly 390 billion VND (18.5 million USD) in trading value and more than21.2 million shares in trading volume.-VNA
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