Shares fail to retain previous gains

Shares failed to retain September 4's gains on the HCM Stock Exchange on Sept. 5, with the VN-Index once again receding by about 0.8 percent from the prior session to close at 398.92 points.
Shares failed to retain September 4's gains on the HCM Stock Exchange on Sept. 5, with the VN-Index once again receding by about 0.8 percent from the prior session to close at 398.92 points.

Around 45.7 million shares changed hands, worth 678.2 billion VND (32.3 million USD), a jump in trading value of nearly 50 percent over the previous day.

Of the market's 30 leading shares as tracked by the VN30 Index, food processor Bourbon Tay Ninh (SBT) and HCM City Infrastructure Investment Co (CII) reached their ceiling prices of 16,500 VND and 25,800 VND per share, respectively, while only three other stocks in this group managed to add value. The VN30 retreated by 0.7 percent to 469.46 points.

On the Hanoi Stock Exchange, the HNX-Index reached 60.92 points, a drop of 1.18 percent. Market value totalled 294.5 billion VND (14 million USD), an increase of 37 percent, while volume approached 31.8 million shares.

The HNX30 Index dropped by over 2.2 percent, however, closing at just 113.84 points.

VNDirect Securities Co (VND) was the most-active share, with 4.1 million traded before closing off by 3 percent on the day.

Foreign investors were buyers on both bourses, picking up shares worth a combined net of around 27.1 billion VND (1.2 million USD).-VNA

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