Stocks extended losses in the afternoon session on both stock exchangeson July 22 as profit-taking pressure showed no sign of decline.
On the Ho Chi Minh Stock Exchange, the VN-Index fell from the three-month high, closing down 0.51 percent at 597.98 points.
TheVN30 tracking the top 30 shares by market value and liquidity alsodecreased 0.52 percent to end at 641.95 points as heavyweight stockssuch as Masan Group (MSN), Vinamilk (VNM), VinGroup (VIC) andVietcombank (VCB) lost value.
The market reviewed the portfolioof the VN30 on July 22, following which two stocks, Petrovietnam GeneralServices Corp (PET) and PetroVietNam Low Pressure Gas Distribution Corp(PGD), were removed from the VN30 list, while FLC Group (FLC) and HCMSecurities Co (HCM) were added.
FLC was also the most activeshare on the southern bourse with more than 16.6 million shares,slipping 0.8 percent to close at 12,400 VND per share.
Marketvolume was essentially unchanged from July 21, totalling nearly 104million shares and fund certificates, while value of trades dropped 10percent to almost 1.742 trillion VND (82.6 million USD).
Performanceof stocks was mixed when shares of companies posting optimisticbusiness results in the first half advanced, such as textilemanufacturer Mirae Co (KMR), Nam Kim Steel Co (NKG) and constructionLilama 8 Co (LM8), but loss-making companies including Viet Han Corp(VHG), Vietnam Electricity Construction Corp (VNE) and PetroleumPipeline and Tank Construction Corp (PXT) tumbled.
According toanalysts, stocks will continue to differentiate in performance thisweek, based on the filing of their business results.
On the Hanoi Stock Exchange, the HNX-Index also shed 0.52 percent to close at 80.25 points.
The market was neutral with 80 shares rising, 99 declining and 180 closing flat.
Tradingwas sluggish with the market volume and value dropping 20 percent fromthe previous day, totalling 45 million shares worth 553 billion VND(26.2 million USD).
FLC Joint Venture Global Investment Co (KLF)became the most active in the capital with 4.3 million shares traded,rallying 1.8 percent to end at 11,500 VND a share.
Foreigninvestors were again the net buyers on the Ho Chi Minh City market,picking up shares worth 38.67 billion VND (1.8 million USD). Bycontrast, they were net sellers on the Hanoi exchange, unloading sharesworth 40.5 billion VND (1.9 million USD).-VNA
On the Ho Chi Minh Stock Exchange, the VN-Index fell from the three-month high, closing down 0.51 percent at 597.98 points.
TheVN30 tracking the top 30 shares by market value and liquidity alsodecreased 0.52 percent to end at 641.95 points as heavyweight stockssuch as Masan Group (MSN), Vinamilk (VNM), VinGroup (VIC) andVietcombank (VCB) lost value.
The market reviewed the portfolioof the VN30 on July 22, following which two stocks, Petrovietnam GeneralServices Corp (PET) and PetroVietNam Low Pressure Gas Distribution Corp(PGD), were removed from the VN30 list, while FLC Group (FLC) and HCMSecurities Co (HCM) were added.
FLC was also the most activeshare on the southern bourse with more than 16.6 million shares,slipping 0.8 percent to close at 12,400 VND per share.
Marketvolume was essentially unchanged from July 21, totalling nearly 104million shares and fund certificates, while value of trades dropped 10percent to almost 1.742 trillion VND (82.6 million USD).
Performanceof stocks was mixed when shares of companies posting optimisticbusiness results in the first half advanced, such as textilemanufacturer Mirae Co (KMR), Nam Kim Steel Co (NKG) and constructionLilama 8 Co (LM8), but loss-making companies including Viet Han Corp(VHG), Vietnam Electricity Construction Corp (VNE) and PetroleumPipeline and Tank Construction Corp (PXT) tumbled.
According toanalysts, stocks will continue to differentiate in performance thisweek, based on the filing of their business results.
On the Hanoi Stock Exchange, the HNX-Index also shed 0.52 percent to close at 80.25 points.
The market was neutral with 80 shares rising, 99 declining and 180 closing flat.
Tradingwas sluggish with the market volume and value dropping 20 percent fromthe previous day, totalling 45 million shares worth 553 billion VND(26.2 million USD).
FLC Joint Venture Global Investment Co (KLF)became the most active in the capital with 4.3 million shares traded,rallying 1.8 percent to end at 11,500 VND a share.
Foreigninvestors were again the net buyers on the Ho Chi Minh City market,picking up shares worth 38.67 billion VND (1.8 million USD). Bycontrast, they were net sellers on the Hanoi exchange, unloading sharesworth 40.5 billion VND (1.9 million USD).-VNA
