Shares continue sluggish trade
Shares continued to slide on both national stock exchanges on October 15.
Shares continued to slide on both national stock exchanges on October 15.
On the HCM Stock Exchange, the VN-Index failed to sustain a rally during most of the session, retreating 0.25 percent to 391.56 points – almost reaching its lowest level of the day.
Trading was sluggish, with market value dropping 35.3 percent compared to the previous trading day on October 12 to just 418.1 billion VND (19.9 million USD). Trading volume reached around 36 million shares.
Although only four of the 30 leading shares tracked by the VN30 advanced, they helped lift the index up 0.25 percent to 461.34 points. The stocks were Eximbank (EIB), food processor Masan (MSN), Vingroup (VIC) and Vinamilk (VNM) – which rose 0.5-4.2 percent.
Concluding yesterday's session, VNM closed at its ceiling price of 123,000 VND (5.8 USD). With this price, although the volume of outstanding shares was around 132 million units lower than MSN, the dairy product company surpassed the food processor in terms of market capitalisation.
Late last week, Vinamilk announced a positive nine-month profit of 5 trillion VND (238 million USD), up 35 percent over the same period last year.
Meanwhile, MSN shares have plummeted since September, from 105,000 VND per share to just 96,000 VND on Oct. 15.
Among declining stocks, three plunged to their floor prices, including PetroVietnam Finance (PVF) and property developers Dic Corp (DIG) and Tan Tao (ITA).
The benchmark HNX-Index on the Hanoi Stock Exchange also shed 0.9 percent, falling to 54.94 points.
Losers largely overwhelmed gainers by 123-62.
With 24.86 million shares traded during the day, the total value fell slightly to 178.8 billion VND (8.5 million USD).
The HNX30, representing the performance of Hanoi bourse's top shares, fetched 102.31 points, a 1.85 percent decrease.-VNA
On the HCM Stock Exchange, the VN-Index failed to sustain a rally during most of the session, retreating 0.25 percent to 391.56 points – almost reaching its lowest level of the day.
Trading was sluggish, with market value dropping 35.3 percent compared to the previous trading day on October 12 to just 418.1 billion VND (19.9 million USD). Trading volume reached around 36 million shares.
Although only four of the 30 leading shares tracked by the VN30 advanced, they helped lift the index up 0.25 percent to 461.34 points. The stocks were Eximbank (EIB), food processor Masan (MSN), Vingroup (VIC) and Vinamilk (VNM) – which rose 0.5-4.2 percent.
Concluding yesterday's session, VNM closed at its ceiling price of 123,000 VND (5.8 USD). With this price, although the volume of outstanding shares was around 132 million units lower than MSN, the dairy product company surpassed the food processor in terms of market capitalisation.
Late last week, Vinamilk announced a positive nine-month profit of 5 trillion VND (238 million USD), up 35 percent over the same period last year.
Meanwhile, MSN shares have plummeted since September, from 105,000 VND per share to just 96,000 VND on Oct. 15.
Among declining stocks, three plunged to their floor prices, including PetroVietnam Finance (PVF) and property developers Dic Corp (DIG) and Tan Tao (ITA).
The benchmark HNX-Index on the Hanoi Stock Exchange also shed 0.9 percent, falling to 54.94 points.
Losers largely overwhelmed gainers by 123-62.
With 24.86 million shares traded during the day, the total value fell slightly to 178.8 billion VND (8.5 million USD).
The HNX30, representing the performance of Hanoi bourse's top shares, fetched 102.31 points, a 1.85 percent decrease.-VNA
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