Shares fall on HCM City bourse

Shares closed down in HCM City on October 31 but profit-taking pushed trading value and volume up to a significantly high level.
Shares closed down in HCM City on October 31 but profit-taking pushed trading value and volume up to a significantly high level.

With over 57.6 million shares changing hands, market value rocketed by around 300 percent to 890.5 billion VND (42.4 million USD) compared to the previous day.

The VN-Index on the HCM Stock Exchange finished 0.37 percent lower after reaching 388.42 points.

The VN30, which tracks the southern bourse's top shares, shed 0.1 percent to 458.56 points, as decliners among these blue chips outweighed advancers.

Some major stocks such as Eximbank (EIB), property developer Hoang Anh Gia Lai (HAG) and Military Bank (MBB) gained between 0.5-2.6 percent, but food processor Masan (MSN), Sacombank (STB), Vietcombank (VCB) and diary product company Vinamilk (VNM) lost up to 1.6 percent.

Meanwhile, EIB — one of the largest stocks — was the most active stock yesterday with a trading volume of more than 35 million shares.

On the Hanoi Stock Exchange, the HNX-Index lost 0.2 percent, reaching only 53.02 points after a day of slow trading.

The value of trades almost halved compared to Oct. 30’s level to just 137.17 billion VND (6.5 million USD).

However, the HNX30 - representing the capital city's leading shares in terms of capitalisation and liquidity - bucked the trend to edge up 0.09 percent, standing at 97.59 points.

Foreign investors concluded the day as net buyers nationwide, picking a total margin of 25.9 billion VND (1.2 million USD).-VNA

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