An investor ponders the meaning of value in front of electronic boards showing share prices at the Vietcombank Securities Company (Photo: VNA) Hanoi (VNA) – The benchmark VN-Indexinched down 0.05 percent and closed June 9’s trade at 749.72, just below thenew nine-year high of 750 points recorded on June 6.
It was the second drop in the June 5-9 week.
Rising caution was attributable to the marketslump, as investors were concerned about a possible downward correction afterprofit-taking pressure increased on the major shares.
BIDV (BID), Vietinbank (CTG), PV Gas (GAS),insurer Bao Viet Holdings (BVH), FLC Faros Construction (ROS) and mobile phoneretailer Mobile World Group (MWG) pushed the market down in the last minutes of June 9’s trade.
All of these shares were among the top 30largest shares by market value and liquidity on the HCM Stock Exchange.
ROS shares fell 7 percent, the biggest dailydrop capped on the HCM Stock Exchange for a second day and settled at 105,400 VND(4.64 USD) a share.
Money tended to shift from financial and realestate sectors to healthcare services and the rubber industry.
Several large-cap stocks including Vinamilk(VNM), petrol retailer Petrolimex (PLX), VinGroup (VIC), Saigon Securities Inc(SSI), FPT Corp (FPT) and Masan Group (MSN) maintained growth and cushioned themarket.
The market breadth remained near equilibriumwith 127 stocks rising, 135 declining and 68 closing unchanged.
The VN-Index is predicted to bounce back to750 points early next week.
On the Hanoi Stock Exchange, the HNX-Index endedits session up 0.11 percent at 97.36 points.
Overall liquidity dropped with a total of 239.2million shares worth 4.4 trillion VND (194.5 million USD) traded in the twomarkets, down 29.1 percent in volume and 26.7 percent in value compared to theprevious day’s levels.
Foreign investors continued to purchase shareson the HCM City’s exchange, picking up shares worth a net value of nearly 43billion VND. Steelmaker Hoa Phat Group (HPG) remained on the top of themost-purchased shares by foreign traders with a net buy value of 15.2 billionVND.
They were also net buyers on the Hanoi StockExchange, totalling a small net value of 4.3 billion VND. –VNA
