Shares reverse gains on bleak outlook

Shares reversed gains made during the morning session to close down on October 29, with blue chips leading the downward trend on the HCM Stock Exchange.
Shares reversed gains made during the morning session to close down on October 29, with blue chips leading the downward trend on the HCM Stock Exchange.

The benchmark VN-Index closed the day at just 391.36 points after reaching almost 393 points in the morning, off 0.09 percent from the previous session.

The value of trades jumped 55 percent, however, totalling 454.3 billion VND (21.6 million USD) on a volume of nearly 29.8 million shares.

Tan Tao Investment Industry (ITA) was the most active code on total trades of 2.58 million shares, settling at 4,300 VND a share.

Half of the top 30 shares on the exchange sank, pushing the VN30 down 0.24 percent to 461.03 points.

On the Hanoi Stock Exchange, the HNX-Index was also down 0.28 percent to finish on Oct. 29 at 53.64 points, on decreased value of 186.6 billion VND (8.9 million USD), down 18.5 percent from the previous trading day’s transaction value.

Real estate firm Sacomreal (SCR) was the most active code on the northern bourse with 1.58 million shares changing hands, closing flat at 5,500 VND a share. In addition, about 10.8 million SCR shares, worth 58.2 billion VND (2.8 million USD), were traded through negotiations.

Foreign investors began to unload shares on the HCM City exchange, responsible for a net sell of 3.26 billion VND (156,000 USD) worth of shares on Oct. 29, but they remained net buyers in Hanoi with a modest net buy of more than 267 million VND (13,000 USD).-VNA

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