Profit-taking continues to depress shares
Active profit-taking continued to depress shares on both stock
exchanges, with the two benchmark indices losing value, on June 15.
Active profit-taking continued to depress shares on both stock
exchanges, with the two benchmark indices losing value, on June 15.
On the HCM Stock Exchange, the VN-Index closed down 0.02 percent at 441.45 points, cushioned by gains made by insurer Bao Viet Holdings (BVH), food producer Masan Group (MSN) and real estate developer Vincom (VIC).
VIC hit its 5 percent ceiling for the third successive session, while BVH rose 4.3 percent and MSN gained 2.6 percent.
However, losers outnumbered gainers by five-to-one. About 55 percent of losers dropped to their floor prices, many of which had earlier hit their 5 percent ceiling for several successive sessions, including a number of shares under the PetroVietnam umbrella.
Both trading volume and value decreased by around 19 percent from June 15 to 49.9 million shares worth nearly 859.9 billion VND (41.7 million USD).
Large caps helped cushion the fall, with insurer Bao Viet Holdings (BVH) rising 4.3 percent; food producer Masan Group (MSN) gaining 2.6 percent; and real estate developer Vincom (VIC) hitting its ceiling for the third successive session.
Saigon Securities Inc (SSI) continued to be the most actively traded, with 4 million shares changing hands, but it closed down 5 percent at 19,000 VND (0.92 USD).
On the Hanoi Stock Exchange, the HNX-Index lost another 2.23 percent to close at 77.74 points. Trading value and volume halved from June 14 to 47.8 million shares worth 584.8 billion VND (28.4 million USD).
Decliners largely outnumbered advancers by 270-44 with Kim Long Securities (KLS) - the most heavily-traded stock nationwide, with 7 million shares exchanged - falling to its floor price, closing at 11,400 (0.55 USD)./.
On the HCM Stock Exchange, the VN-Index closed down 0.02 percent at 441.45 points, cushioned by gains made by insurer Bao Viet Holdings (BVH), food producer Masan Group (MSN) and real estate developer Vincom (VIC).
VIC hit its 5 percent ceiling for the third successive session, while BVH rose 4.3 percent and MSN gained 2.6 percent.
However, losers outnumbered gainers by five-to-one. About 55 percent of losers dropped to their floor prices, many of which had earlier hit their 5 percent ceiling for several successive sessions, including a number of shares under the PetroVietnam umbrella.
Both trading volume and value decreased by around 19 percent from June 15 to 49.9 million shares worth nearly 859.9 billion VND (41.7 million USD).
Large caps helped cushion the fall, with insurer Bao Viet Holdings (BVH) rising 4.3 percent; food producer Masan Group (MSN) gaining 2.6 percent; and real estate developer Vincom (VIC) hitting its ceiling for the third successive session.
Saigon Securities Inc (SSI) continued to be the most actively traded, with 4 million shares changing hands, but it closed down 5 percent at 19,000 VND (0.92 USD).
On the Hanoi Stock Exchange, the HNX-Index lost another 2.23 percent to close at 77.74 points. Trading value and volume halved from June 14 to 47.8 million shares worth 584.8 billion VND (28.4 million USD).
Decliners largely outnumbered advancers by 270-44 with Kim Long Securities (KLS) - the most heavily-traded stock nationwide, with 7 million shares exchanged - falling to its floor price, closing at 11,400 (0.55 USD)./.
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