Stocks on the Ho Chi Minh Stock Exchange failed to sustain the morning'sgain as investors increased selling when the index moved towards a highof 610 points.
The benchmark VN-Index inched down 0.07 percentto close at 604.64 points on August 19 while the VN30, which tracks thetop 30 shares by market value and liquidity, was down 0.24 percent toend at 645.46 points.
Excluding shares of PV Gas (GAS), thebiggest stock in term of market value, which gained 0.9 percent invalue, many large-cap stocks lost value including Masan Group (MSN),Vinamilk (VNM), Kinh Do Corporation (KDC), Hoang Anh Gia Lai Company(HAG) and Saigon Securities Inc (SSI).
FLC Group (FLC), the most active stock with 15.8 million shares, also went down 0.75 percent to finish at 13,200 VND per share.
Liquiditydecrease compared with the previous session with the market valuefalling about 30 percent to over 2.794 trillion VND (132.4 million USD)while the volume of trades totaled more than 134 million shares and fundcertificates.
On the Hanoi Stock Exchange, profit-takingactivity also pushed the HNX-Index down 0.57 percent to finish thesession at 82.66 points.
According to analysts at FPT SecuritiesCompany, many investors took advantage of growing market optimism toearn profits amid fears of technical corrections. Oil and gas companieslike PetroVietnam Technical Services (PVS), PetroVietnam Drilling Mud(PVC) and PetroVietnam Northern Gas (PVG) led the downturn after theymade impressive gains in the previous days.
The market condition was negative with 144 codes declining, 90 rising and 152 closing unchanged.
Tradingalso waned with market volume down 25 percent from August 18 to just58.3 million shares while value of trades fell 15 percent, totaling over783 billion VND (37.1 million USD).
PetroVietnam ConstructionCorporation (PVX) led the northern market in term of volume with sevenmillion shares traded. PVX's prices climbed 2.13 percent to settle at4,800 VND per share.
Foreign investors continued to offloadlocal shares on both markets. They were responsible for a combined netsell value of 114 billion VND (5.4 million USD).-VNA
The benchmark VN-Index inched down 0.07 percentto close at 604.64 points on August 19 while the VN30, which tracks thetop 30 shares by market value and liquidity, was down 0.24 percent toend at 645.46 points.
Excluding shares of PV Gas (GAS), thebiggest stock in term of market value, which gained 0.9 percent invalue, many large-cap stocks lost value including Masan Group (MSN),Vinamilk (VNM), Kinh Do Corporation (KDC), Hoang Anh Gia Lai Company(HAG) and Saigon Securities Inc (SSI).
FLC Group (FLC), the most active stock with 15.8 million shares, also went down 0.75 percent to finish at 13,200 VND per share.
Liquiditydecrease compared with the previous session with the market valuefalling about 30 percent to over 2.794 trillion VND (132.4 million USD)while the volume of trades totaled more than 134 million shares and fundcertificates.
On the Hanoi Stock Exchange, profit-takingactivity also pushed the HNX-Index down 0.57 percent to finish thesession at 82.66 points.
According to analysts at FPT SecuritiesCompany, many investors took advantage of growing market optimism toearn profits amid fears of technical corrections. Oil and gas companieslike PetroVietnam Technical Services (PVS), PetroVietnam Drilling Mud(PVC) and PetroVietnam Northern Gas (PVG) led the downturn after theymade impressive gains in the previous days.
The market condition was negative with 144 codes declining, 90 rising and 152 closing unchanged.
Tradingalso waned with market volume down 25 percent from August 18 to just58.3 million shares while value of trades fell 15 percent, totaling over783 billion VND (37.1 million USD).
PetroVietnam ConstructionCorporation (PVX) led the northern market in term of volume with sevenmillion shares traded. PVX's prices climbed 2.13 percent to settle at4,800 VND per share.
Foreign investors continued to offloadlocal shares on both markets. They were responsible for a combined netsell value of 114 billion VND (5.4 million USD).-VNA
