Business

Shares stumble on both bourses

Shares tumbled on November 13 on the nation's two stock exchanges, halting several increasing sessions.
The VN-Index on the HCM Stock Exchange went down 0.87 percent to 385.22 points, although advancers outnumbered decliners.
Shares tumbled on November 13 on the nation's two stock exchanges, halting several increasing sessions.
The VN-Index on the HCM Stock Exchange went down 0.87 percent to385.22 points, although advancers outnumbered decliners.

Trading value fell by around 200 billion VND (9.4 million USD) comparedto Monday's level, ending at 322 billion VND (15.3 million USD) with28.5 million shares changing hands.

Over two-thirds of theblue chips tracked by the VN30 retreated, while only two stocks addedvalue – Kinh Do Confectionery (KDC) and Tu Liem Urban Development (NTL).The VN30 slid 1.19 percent to 455.08 points.

The mostinfluential stocks on the HCM City market suffered heavy losses.Vietinbank (CTG) dipped 3.7 percent, while property developer Hoang AnhGia Lai (HAG), Eximbank (EIB) and Vietcombank (VCB) also fell between1.3-1.9 percent.

On the Hanoi Stock Exchange, the HNX-Indexfailed to retain the gains in November 12, declining 0.25 percent tostand at 52.39 points.

As trading volume dropped to nearly36.7 million shares, market value also decreased, totalling 214.6billion VND (10.2 million USD).

At the close of the session,the HNX30 – representing the northern bourse's top shares – also shed0.23 percent to finish at 95.87 points.

Foreign investors still concluded as buyers on both stock exchanges by a margin of 12.2 billion VND (580,900 USD). /.VNA
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