Business

Shares snap five-day streak

The Ho Chi Minh Stock Exchange on March 10 underwent a corrective session, snapping five consecutive days of gains in the VN-Index, which closed down 0.3 percent to 525.67.
The Ho Chi Minh Stock Exchange on March10 underwent a corrective session, snapping five consecutive days ofgains in the VN-Index, which closed down 0.3 percent to 525.67.

Decliners outnumbered advancers on the day by 102-77.

Value fell below 2.6 trillion VND (136 million USD) on a volume of 56.6million shares, with General Forwarding (GMD) surprising the market asthe most-active share of the day, with 3.4 million changing hands.

While many financial blue chips lost value on March 10, includingVietcombank (VCB), Sacombank (STB), Eximbank (EIB), Saigon SecuritiesInc (SSI), and PetroVietnam Finance (PVF), property shares like Sao MaiConstruction (ASM), Binh Duong Mineral and Construction (KSB), Dat XanhReal Estate Service and Construction (DXG) all rose to their ceilingprices.

On the Hanoi Stock Exchange, the HNX-Index also slid by 0.35 percent toend the session at 172.09 points. However, volume increased to over38.2 million shares, worth a total of 1.28 trillion VND (67 millionUSD).

Construction shares like PetroVietnam Construction (PVX) and Vinaconex(VCG) also posted gains on the northern bourse while banking shareslike Asia Commercial Bank (ACB) and Sai Gon-Hanoi Commercial Bank (SHB)slumped.

Kim Long Securities Co (KLS) remained the most heavily-traded share on the market with over 9.8 million traded.
Foreign investors concluded the day as net buyers on the HCM Citymarket, responsible for a net buy of just 457,000 shares worth acombined 35.3 billion VND (1.8 million USD). Meanwhile, they were netsellers on the Hanoi market with a net sale of 13.4 billion VND(701,570 USD)./.
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