Shares continue decline on both stock exchanges
Shares continued to fall on Jan. 25 on the nation's two stock exchanges in both volume and value.
Shares continued to fall on Jan. 25 on the nation's two stock exchanges in both volume and value.
On the HCM Stock Exchange, the VN-Index declined by 1.55 percent to close at 501.97.
The day's trading volume reached almost 39.7 million shares, worth a total of 1 trillion VND (51.3 million USD).
Decliners outnumbered advancers by 174-64.
Blue chips tumbled. Among the 10 largest capitalised stocks, only property developer Vincom (VIC) rose with a 3.4 percent gain, while Bao Viet Holdings (BVH) and Phu My Fertiliser (DPM) dropped to their floor prices.
Masan Group (MSN) fell by 4 percent, PetroVietnam Finance (PVF) dropped by 3.8 percent and Vinamilk (VNM) slid by 2 percent.
Most gainers were penny and mid-cap stocks, such as Tan Binh Import – Export Corp (TIX), Sao Vang Rubber Co (SRC) and Godaco Seafood Co (AGD), who all rose to their ceiling prices.
Sacombank (STB) was the most active stock with almost 3 million shares changing hands, but it closed down after dropping by 0.6 percent.
On the Hanoi Stock Exchange, the HNX-Index fell 0.87 percent to close at 105.3.
Market volume exceeded 24.1 million shares worth almost 423.8 billion VND (21.7 million USD).
Losers outnumbered gainers by 221-59.
Among the 10 leading capitalised shares, only Tien Phong Plastic (NTP) posted a gain with a 1 percent rise.
Asia Commercial Bank (ACB), PetroVietnam Construction (PVX) and Kim Long Securities (KLS) all fell by more than 2 percent, of which the latter was the most heavily-traded stock with more than 2 million shares traded.
Tong Van Dung, analyst with a Hanoi-based financial provider company, said the psychological state of trying to "get away from trouble" before the lunar new year could prompt investors to sell off their shares soon.
"Investors tend to reduce the use of their financial leverage to limit their interests before a long holiday," said Dung.
"Besides, they are also afraid of a sudden change in the economic atmosphere after the holiday."
Foreign investors continued to operate as net buyers on both exchanges on Jan. 25, after buying up 2.7 million shares worth more than 93 billion VND (4.8 million USD)./.
On the HCM Stock Exchange, the VN-Index declined by 1.55 percent to close at 501.97.
The day's trading volume reached almost 39.7 million shares, worth a total of 1 trillion VND (51.3 million USD).
Decliners outnumbered advancers by 174-64.
Blue chips tumbled. Among the 10 largest capitalised stocks, only property developer Vincom (VIC) rose with a 3.4 percent gain, while Bao Viet Holdings (BVH) and Phu My Fertiliser (DPM) dropped to their floor prices.
Masan Group (MSN) fell by 4 percent, PetroVietnam Finance (PVF) dropped by 3.8 percent and Vinamilk (VNM) slid by 2 percent.
Most gainers were penny and mid-cap stocks, such as Tan Binh Import – Export Corp (TIX), Sao Vang Rubber Co (SRC) and Godaco Seafood Co (AGD), who all rose to their ceiling prices.
Sacombank (STB) was the most active stock with almost 3 million shares changing hands, but it closed down after dropping by 0.6 percent.
On the Hanoi Stock Exchange, the HNX-Index fell 0.87 percent to close at 105.3.
Market volume exceeded 24.1 million shares worth almost 423.8 billion VND (21.7 million USD).
Losers outnumbered gainers by 221-59.
Among the 10 leading capitalised shares, only Tien Phong Plastic (NTP) posted a gain with a 1 percent rise.
Asia Commercial Bank (ACB), PetroVietnam Construction (PVX) and Kim Long Securities (KLS) all fell by more than 2 percent, of which the latter was the most heavily-traded stock with more than 2 million shares traded.
Tong Van Dung, analyst with a Hanoi-based financial provider company, said the psychological state of trying to "get away from trouble" before the lunar new year could prompt investors to sell off their shares soon.
"Investors tend to reduce the use of their financial leverage to limit their interests before a long holiday," said Dung.
"Besides, they are also afraid of a sudden change in the economic atmosphere after the holiday."
Foreign investors continued to operate as net buyers on both exchanges on Jan. 25, after buying up 2.7 million shares worth more than 93 billion VND (4.8 million USD)./.
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