Saturday, October 21 2017

VietNamNews

Stocks fall as investors offload shares

Update: October, 02/2013 - 08:16

On the HCM City Stock Exchange, the VN-Index lost 0.08 per cent to close at 492.24 points.— Photo vef

HA NOI (VNS) — Shares pared earlier gains to tumble in both Ha Noi and HCM City yesterday.

Although Viet Nam's PMI increased from 49.4 to 51.5 in September, the best result since April 2011, investors sold off shares after news was released that the US Government had shut down due to a budget dispute.

The nation's consumer price index could continue to increase by 0.5-0.6 per cent this month due to the impact of the rainy season and the increasing prices of several key commodities, according to the Ministry of Industry and Trade's market management team.

On the HCM City Stock Exchange, the VN-Index lost 0.08 per cent to close at 492.24 points, while the VN30, tracking the bourse's 30 leading shares in terms of capitalisation and liquidity, edged down 0.35 per cent to 549.63 points.

The blue chips were mixed, but losers still overwhelmed gainers. Kinh Do Confectionery (KDC) retreated 2.9 per cent, while financial group Ocean (OGC), logistics company Gemadept (GMD), PetroVietnam Drilling Services (PVD) and Vinamilk (VNM) closed down between 1.4-2 per cent.

The total trading value rose around 60 per cent over Monday's level to VND1.65 trillion (US$77.8 million) with over 102 million shares changing hands.

On the Ha Noi Stock Exchange, the HNX-Index shed 0.05 per cent to 60.93 points.

Trading value fetched VND363.7 billion ($17.1 million) on a volume of 45.4 million shares, increasing around 42 per cent over the previous session.

However, the HNX30, composed of the northern bourse's top shares, managed to add 0.01 per cent to reach 113.30 points.

While domestic investors sold, foreign investors increased their net buying value by nearly four times to VND120.8 billion ($5.6 million). — VNS

Send Us Your Comments:

See also: