Hanoi (VNA) - Shares fell on the HCM Stock Exchange after rallyingfor 10 days to its 10-year high as the market was hit by strong investorselling.
The benchmark VN Index dropped 0.24 percent to end on November 17 at 890.69points. It had made a 10-day rally of total 7.1 percent.
The southern market index advanced total 2.6 percent on a weekly basis and 6.4 percentsince the start of November.
More than 188.5 million shares were traded on the southern bourse, worth 5.36trillion VND (238.3 million USD).
The trading figures posted a decline of 8.7 percent in volume and 27 percent invalue compared to November 16.
Vietnam’s major stock market was dominated by declining stocks, whichoutnumbered gaining ones by 168 to 111.
Large-cap stocks were hit by investors’ profit-taking after the benchmark VNIndex had rallied for 10 consecutive sessions.
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Twenty-four of the 30 largest companies by market capitalisation in the VN30Index saw share prices drop while only four advanced, causing the large-cap indexto fall nearly 0.3 percent to 887.41 points.
Among decliners were Binh Minh Plastic (BMP), DHG Pharmaceutical Co (DHG),Sacombank (STB), logistics firm Gemadept (GMD) and food producer Kido (KDC).
BMP lost 2.7 percent to erase its entire growth made in the previous two days.It had grown total 23 percent since the end of October. GMD dropped 2 percentfollowing its three-day increase of 8.6 percent. Gemadept shares had gainedmore than 10.2 percent in total so far this month.
The HNX Index on the Hanoi Stock Exchange struggled in the entire session tofinish at 108.31 points, slightly unchanged from the ending level of 108.29points on November 16.
November17’s gain also extended the northern market index’s gain for an eighth sessionwith total growth of 3.3 percent.
More than 58.9 million shares were traded on Hanoi’s market, worth nearly 750billion VND. -VNA
VNA