Shares plunge on active trades

The volume of trades on the nation's stock markets picked up on Oct. 4, but benchmark indices closed down on both exchanges.
The volume of trades on the nation's stock markets picked up on Oct. 4,but benchmark indices closed down on both exchanges.

On the HCM Stock Exchange, the VN-Index slid 1.3 percent from Oct. 1'sclose to end Oct. 4's session at 445.83 points. But volume increased bynearly 39 percent over Oct. 1's level to 49.45 million shares, with avalue of almost 1.19 trillion VND (61 million USD).

Ocean Group (OGC), which operates in the fields of banking and realestate development, continued to be the most-active share, with over twomillion traded. OGC closed off 4.74 percent to 30,100 VND (1.54 USD).

Of the 10 leading shares by capitalisation, onlythree – Bao Viet Holdings (BVH), Hoang Anh Gia Lai (HAG) and Hoa PhatGroup (HPG) – posted gains. Overall, decliners outnumbered advancers byan overwhelming 219-18.

On the Hanoi Stock Exchange,the HNX-Index plunged by 3.89 percent to close at 120.92. However,market volume rose by 92 percent to over 44 million shares, while thevalue of trades increased by 68 percent to 931.1 billion VND (47.8million USD).

Shares declined in value across theboard, with losers outnumbering gainers by 279-19, with all of the 10leading shares by capitalisation declining in value.

PetroVietnam Construction (PVX) continued to be the most-active sharenationwide, with 5.3 million exchanged, but PVX declined by nearly 4percent on Oct. 4 to close at 22,000 VND (1.13 USD) per share.

The number of new shares issued in the third quarter was nearly on parwith those issued in the first half of this year, the State SecuritiesCommission has reported. The value of shares made through public offersreached more than 34.6 trillion VND (1.77 billion USD).

Foreign investors continued as net buyers on both exchanges on Oct. 4,picking up over 4.8 million shares, worth a combined 162 billion VND(8.3 million USD)./.

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