Shares decline on both bourses

Shares plunged into the red across the electronic board on December 29 on both national stock exchanges.

Tuesday, December 30, 2014 09:50

Shares plunged into the red across the electronic board on December 29 on both national stock exchanges.

The VN-Index on the Hochiminh Stock Exchange lost 0.13 percent to end at 532.68 points.

The total transaction value reached nearly 1.8 trillion VND (84.5 million USD) on a volume of 104.1 million shares.

However, blue chips were mixed and pushed the VN30 Index to an increase of 0.16 percent to close at 583.36 points.

Thegainers included property developer FLC (FLC), which hit the ceilingprice of 10,100 VND with 18.4 million shares changing hands. FLC wasalso identified as the most active stock. Meanwhile, the HCM CityInfrastructure Investment (CII), steelmaker Hoa Phat (HPG) andVietcombank (VCB) rose strongly by 2.9–4.3 percent.

In contrast,insurer Bao Viet (BVH), HCM City Securities (HCM), Pha Lai Thermalpower(PPC) and PetroVietnam Drilling Services (PVD), as well as PetroVietnamTransportation (PVT), dropped between 2.4–6 percent.

Notwithstandingthe performances of FLC, CII, Kinh Bac Urban City (KBC) andPetroVietnam Construction (PVX), many real estate shares plummeted by3–7 percent with the strong sale.

On the Hanoi Stock Exchange, the HNX-Index tumbled by 1.84 percent to close the session at 79.64 points.

The value of the transactions reached only 533.1 billion VND (25 million USD) as over 48 million shares were traded.

The HNX30 Index retreated more heavily at 2.78 percent and stood at 151.39 points.-VNA

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