Stocks rise in HCM city, fall in Hanoi

Concerns over inflation bothered investors on March 16, causing stocks to fall at the HCM Stock Exchange pushing the VN-Index down 1.1 percent to finish at 463.85 points.
Concerns over inflation bothered investors on March 16, causing stocks to fall at the HCM Stock Exchange pushing the VN-Index down 1.1 percent to finish at 463.85 points.

Trading volume fell 3.5 percent from on March 15 to 36.3 million shares, worth 838 billion VND (about 39 million USD).

However, there were just 122 losers compared to 147 March 15, including 20 codes falling to the floor.

They included insurer Bao Viet Holdings (BVH) down 4.7 percent, LIX Detergent Co (LIX) and Traphaco Pharmaceutical (TRA) each down 4.6 percent, resort developer Vinpealland (VPL) down 4.5 percent, and Tay Ninh Rubber Co (TRC) down 4.2 percent.

Blue chips began slowing the fall, with finance conglomerate Ocean Group (OGC) down 1.1 percent, steel producer Hoa Phat Group (HPG) down 1.8 percent and PetroVietnam Finance (PVF) down 2.3 percent, while software producer FPT Corp (FPT), Sacombank (STB) and Masan Group (MSN) closed unchanged.

Phu My Fertiliser (DPM), Sai Gon Securities Inc (SSI) and VietinBank (CTG) even managed to gain.

In Hanoi, the HNX-Index bounced back this morning by 1.03 percent to reach 91.98 points.

Volume closed up 3.5 percent over March 15 to 29.5 million shares, worth 453.9 billion VND(21.1 million USD). Gainers outnumbered losers by 159:107./.

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