Business

Shares slide after brief rebound

Share prices at the Vietnamese stock markets retreated again on November 21 after rebounding on the previous day.
Share prices at the Vietnamese stock markets retreated again on November 21 after rebounding on the previous day.

At the HCM Stock Exchange, the VN-Index lost by 0.89 percent to 588.03points after rising at the same speed on November 20.

The VN30 Index, which tracks the 30 largest blue chips, also slid by 0.8 percent to 623.74 points.

Losers outnumbered gainers by 23 to five. The shares with the deepestdeclines, from two to 5.5 percent, included commercial baker Kinh Do,PetroVietnam Drilling Services, HCM City Securities and SaigonSecurities.

In contrast, private equity group Masan topped all gainers with 1.9 percent.

Total value and volume of transactions on the bourse reached 2.7trillion VND (127.3 million USD) and 160.1 million shares.

At the Hanoi Stock Exchange, the HNX-Index declined by 1.43 percent,closing at 89.14 points. The HNX30 Index finished the session at 180.28points, a 1.52-percent fall.

Trading value andvolume slightly increased over the previous session to 1 trillion VND(47.1 million VND) and nearly 70.2 million shares.

While foreign investors ended as buyers in Hanoi with a net of 3.3billion VND (155,600 USD), they ended as sellers with a net of 6 billionVND (283,000 USD) in HCM City.-VNA
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