Business

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 closeoff by 0.74 percent from the previous day to 410.91 points.

Heavy profit-taking lifted the volume of trades by 20.6 percent overFeb.20's level to over 59 million shares, while market value also rose15.5 percent to 791 billion VND (37.6 million USD).

TheVN30 also declined by 0.7 percent to 462.27 points. The 30 stockstracked by the index accounted for 452.8 billion VND (21.5 million USD).

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

Saigon Securities Inc (SSI), MilitaryBank (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 at63.89 points. Trading value soared 47.5 percent over the previous dayto 648.3 billion VND (30.8 million USD), on a volume of 80.6 millionshares.

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