Shares retreat as blue chips slump

After a session full of excitement ton April 6 , both stock indices fell on April 7, with the VN-Index in HCM City retreating 0.31 percent to close at 463.49 points.
After a session full of excitement ton April 6 , both stock indices fell on April 7, with the VN-Index in HCM City retreating 0.31 percent to close at 463.49 points.

However, value of the day's trades on the southern bourse rose nearly 11 percent over the previous session to 689.8 billion VND (33 million USD), with 27.5 million shares changing hands.

Many large caps fell, including Vietinbank (CTG)down 3.3 percent, PetroVietnam Finance (PVF) down 2.4 percent, steel producer Hoa Phat Group (HPG) down 1.9 percent and Phu My Fertiliser (DPM) down 1.4 percent.

Software producer FPT Corp (FPT) miraculously gained 0.9 percent to close at 57,500 VND (2.75 USD), having fallen to its floor price during the first half of the session.

Among the largest capitalised shares, property developer Vincom (VIC) rose 1.5 percent, real estate Hoang Anh Gia Lai (HAG)closed up 0.2 percent and Sacombank (STB) was up 0.7 percent. STB was also the most active stock today with 2.15 million shares changing hands

Decliners outnumbered advancers by 165-60.

In Ha Noi, the HNX-Index declined 1.21 percentto finish at 90.72 points.

Market value dropped by 18.4 percent to just 335 billion VND (16 million USD) on a volume of 21.5 million shares.

Losers outnumbered gainers by 181-77.

VNDirect Securities Co (VND), with 2.1 million shares changing hands, was the most heavily traded stock on the northern bourse, closing unchanged at 15,200 VND (0.73 USD)./.


See more