Stocks continued to slide on November 14 afternoon on both exchanges as influential blue chips extended losses.
Onthe Hochiminh Stock Exchange, large-cap stocks dragged the VN-Indexdown 0.46 percent to 600.36 points. These included PV Gas (GAS), thebiggest stock in terms of market value, as well as Bao Viet Holdings(BVH), FPT Corp (FPT) and Saigon Securities Inc (SSI). The VN30, whichtracks the top 30 shares by market value and liquidity, also sank 0.15percent to 637.90 points.
Masan Group (MSN) rose 1.21 percent andVinGroup (VIC) went up 1.23 percent, cushioning the market fall.Liquidity remained high with market volume reaching over 145 millionshares worth 2.6 trillion VND (122.6 million USD).
FLC Group(FLC) was again the most active stock on whopping trades of 26 millionshares. The share recovered 0.8 percent to close at 12,000 VND after aslump in the morning.
On the Hanoi Stock Exchange, the HNX-Indexdipped 0.82 percent to finish the session at 90.74 points after hittingan eight-month high on November 13.
"Many investors decided totake margins after the market staged a considerable rally during theweek," analyst at FPT Securities Co commented on their website onNovember 14, noting that the Index rose a cumulative 1.3 percent thisweek.
The HNX30 also slipped 0.84 percent to close at 184.47points. Profit-taking pushed liquidity up as trading volume rose 20percent over the previous day, totaling 89.4 million shares worth 1.15trillion VND (54.2 million USD).
KLF Joint Venture GlobalInvestment Co (KLF) was again the most heavily-traded stock with nearly25 million shares traded, climbing 3.65 percent to end at 14,200 VND ashare. It was also the most active stock for the whole week with awhopping 122.5 million shares exchanged in just five sessions.
Foreign investors remained net sellers in the HCM City market, unloading shares worth 227 billion VND (21.4 million USD).
In Hanoi, they remained net buyers but bought only 678 million VND (32,000 USD) worth of shares.-VNA
Onthe Hochiminh Stock Exchange, large-cap stocks dragged the VN-Indexdown 0.46 percent to 600.36 points. These included PV Gas (GAS), thebiggest stock in terms of market value, as well as Bao Viet Holdings(BVH), FPT Corp (FPT) and Saigon Securities Inc (SSI). The VN30, whichtracks the top 30 shares by market value and liquidity, also sank 0.15percent to 637.90 points.
Masan Group (MSN) rose 1.21 percent andVinGroup (VIC) went up 1.23 percent, cushioning the market fall.Liquidity remained high with market volume reaching over 145 millionshares worth 2.6 trillion VND (122.6 million USD).
FLC Group(FLC) was again the most active stock on whopping trades of 26 millionshares. The share recovered 0.8 percent to close at 12,000 VND after aslump in the morning.
On the Hanoi Stock Exchange, the HNX-Indexdipped 0.82 percent to finish the session at 90.74 points after hittingan eight-month high on November 13.
"Many investors decided totake margins after the market staged a considerable rally during theweek," analyst at FPT Securities Co commented on their website onNovember 14, noting that the Index rose a cumulative 1.3 percent thisweek.
The HNX30 also slipped 0.84 percent to close at 184.47points. Profit-taking pushed liquidity up as trading volume rose 20percent over the previous day, totaling 89.4 million shares worth 1.15trillion VND (54.2 million USD).
KLF Joint Venture GlobalInvestment Co (KLF) was again the most heavily-traded stock with nearly25 million shares traded, climbing 3.65 percent to end at 14,200 VND ashare. It was also the most active stock for the whole week with awhopping 122.5 million shares exchanged in just five sessions.
Foreign investors remained net sellers in the HCM City market, unloading shares worth 227 billion VND (21.4 million USD).
In Hanoi, they remained net buyers but bought only 678 million VND (32,000 USD) worth of shares.-VNA
