Shares declined substantially on Mar. 27 on both of the nation's stockexchanges, with the afternoon session widening morning losses as salessnowballed.
On the HCM City Exchange, theVN-Index slid by 2.9 percent to close at 445.92 points. The value oftrades soared by nearly 26 percent over Monday's the previous, totalling1.6 trillion VND (77 million USD), while volume jumped 28.6 percent tonearly 121 million shares.
Of the 30 leading shares bymarket capitalisation and liquidity, 27 declined, driving the VN30 Indexdown by 2.87 percent at 502.47 points. Only Tan Tao Investment Industry(ITA) and Becamex Infrastructure Development (IJC) bucked the trend,both closing up by 0.9 percent after flirting with their ceiling pricesduring morning trades.
Decliners outnumbered advancers by178-75 overall, with Sacombank Securities Co (SBS) the most-active sharewith 6.3 million traded. SBS finished down 4.6 percent to 6,300 VND pershare.
Analysts said it is normal to see a correctingsession after shares have advanced almost continuously over the pastthree months, with many doubling or even tripling their prices.
"Leading stocks have come very close to their peak of September 2011,so it's a quite sensitive stage and the probability of an adjustment islarge," BIDV Securities Co analysts wrote in a report, adding thatpositive economic data have already reflected in share price rises inrecent weeks.
On the Ha Noi Stock Exchange, the HNX-Indexdeclined by an even more substantial 3.56 percent to conclude the day'strades at 74.95 points. Only 90 shares gained out of a total of 398codes.
Volume increased by 20 percent to nearly 123.5 million shares, worth a total of nearly 1.17 trillion VND (55.7 million USD).
Habubank (HBB) continued to dominate trading in Hanoi with 17.3million shares exchanged, though it fell 6.7 percent to 7,000 VND pershare.
At the beginning of March 27's morning andafternoon sessions, some brokerages reported that they could not connectto the Hanoi Stock Exchange's trading system which cause delays inplacing orders for investors.
The Hanoi exchange hasnot given a word on this issue but it warned Rubber Securities Co onsuspicion of spreading a virus into the exchange's trading system andthe systems of other securities firms.
On the HCM City Exchange, theVN-Index slid by 2.9 percent to close at 445.92 points. The value oftrades soared by nearly 26 percent over Monday's the previous, totalling1.6 trillion VND (77 million USD), while volume jumped 28.6 percent tonearly 121 million shares.
Of the 30 leading shares bymarket capitalisation and liquidity, 27 declined, driving the VN30 Indexdown by 2.87 percent at 502.47 points. Only Tan Tao Investment Industry(ITA) and Becamex Infrastructure Development (IJC) bucked the trend,both closing up by 0.9 percent after flirting with their ceiling pricesduring morning trades.
Decliners outnumbered advancers by178-75 overall, with Sacombank Securities Co (SBS) the most-active sharewith 6.3 million traded. SBS finished down 4.6 percent to 6,300 VND pershare.
Analysts said it is normal to see a correctingsession after shares have advanced almost continuously over the pastthree months, with many doubling or even tripling their prices.
"Leading stocks have come very close to their peak of September 2011,so it's a quite sensitive stage and the probability of an adjustment islarge," BIDV Securities Co analysts wrote in a report, adding thatpositive economic data have already reflected in share price rises inrecent weeks.
On the Ha Noi Stock Exchange, the HNX-Indexdeclined by an even more substantial 3.56 percent to conclude the day'strades at 74.95 points. Only 90 shares gained out of a total of 398codes.
Volume increased by 20 percent to nearly 123.5 million shares, worth a total of nearly 1.17 trillion VND (55.7 million USD).
Habubank (HBB) continued to dominate trading in Hanoi with 17.3million shares exchanged, though it fell 6.7 percent to 7,000 VND pershare.
At the beginning of March 27's morning andafternoon sessions, some brokerages reported that they could not connectto the Hanoi Stock Exchange's trading system which cause delays inplacing orders for investors.
The Hanoi exchange hasnot given a word on this issue but it warned Rubber Securities Co onsuspicion of spreading a virus into the exchange's trading system andthe systems of other securities firms.
Foreign investorscontinued to express their faith in Vietnamese stocks by investingnearly 126 billion VND in a net buy of nearly 7 million shares on bothmarkets on March 27.-VNA
