Profit-taking weighs on shares

Shares slid during trading on Feb. 21 on both of the nation's stock exchanges.
Shares slid during trading on Feb. 21 on both of the nation's stock exchanges.

On the HCM City bourse, the VN-Index pared earlier gains to close off by 0.74 percent from the previous day to 410.91 points.

Heavy profit-taking lifted the volume of trades by 20.6 percent over Feb.20's level to over 59 million shares, while market value also rose 15.5 percent to 791 billion VND (37.6 million USD).

The VN30 also declined by 0.7 percent to 462.27 points. The 30 stocks tracked by the index accounted for 452.8 billion VND (21.5 million USD).

Of the 10 leading blue chips, only Vietinbank (CTG) and real estate developer Hoang Anh Gia Lai (HAG) ended the session in positive territory. Food processing giant Masan Group (MSN) dived by 2.7 percent on Feb. 21

Saigon Securities Inc (SSI), Military Bank (MBB), construction firm Licogi (LCG), investment group Tan Tao (ITA) and Becamex Infrastructure (IJC) all felt sell pressures on Feb. 21.

Eximbank (EIB) was the most-active share in HCM City with over 4.1 million traded.

On the Hanoi Stock Exchange, the HNX-Index lost 0.6 percent to close at 63.89 points. Trading value soared 47.5 percent over the previous day to 648.3 billion VND (30.8 million USD), on a volume of 80.6 million shares.

PetroVietnam Construction Co (PVX) surprised as the most-active share, with some 10.6 million exchanged. PVX finished the morning up 4.6 percent at 9,100 VND per share. Habubank (HBB), which led the market on Feb. 21 in terms of volume, saw a decline of 45 percent in volume and was responsible for 7.2 million shares traded. - VNA

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