|On the HCM City Stock Exchange, the VN-Index fell 0.39 per cent to reach 503.54 points.— File Photo
HA NOI (VNS)— Despite slight gains in the morning, the benchmark indices finished lower yesterday on both national stock exchanges.
However, liquidity reached a three-year high.
On the HCM City Stock Exchange, the VN-Index fell 0.39 per cent to reach 503.54 points.
The total trading value topped at VND2.425 trillion (US$115.47 million) on the exchange of 173.93 million shares, 67 per cent and 62 per cent higher than Wednesday's figures.
Meanwhile, the VN30-Index, tracking the southern bourse's top shares by capitalisation and liquidity, lost 0.53 per cent to end at 563.45 points.
Losers overwhelmed gainers by 21-3.
Only PetroVietnam Drilling (PVD), PetroVietnam Fertilisers and Chemicals Corporation (DPM) and HCM City Infrastructure Investment (CII) advanced yesterday.
Da Nang Rubber Corporation (DRC) lost VND1,100 ($0.052) to VND39,800 ($1.89) per share, Masan Group (MSN) lost VND1,000 ($0.049) to VND80,000 ($3,8) per share and Hoa Sen Group (HSG) lost VND900 ($0.42) to VND40,800 ($1.94) per share.
Other declines lost between VND100 ($0.0049) to VND600 ($0.0285) each.
FPT Group (FPT) was active yesterday, with its value reaching a thirteen – day high at VND50,000 ($2.38) per share, however, ending VND100 ($0.0049) lower.
According to FPT Securities, blue chips declined during the afternoon trading session, dragging down the benchmark index as some investors fell into the bull trap.
Overall, 128 stocks lost value, while 94 managed to advance.
On the Ha Noi Stock Exchange, strong selling also boosted liquidity to a record high.
More than 100 million shares changed hands, with a total value of VND755.81 billion ($35.99 million).
The HNX-Index closed 0.38 per cent lower at 64.38 points. The HNX30-Index, composed of the capital city's 30 largest stocks, also tumbled 0.28 per cent to 122.91 points.
On the northern bourse, small caps continued to attract speculative cash flow.
Meanwhile, Viet Nam Investment Securities (IVS) said it did not expect much of the increasing trend of the market to continue after such high liquidity recorded yesterday.
The market would witness strong selling to reach a record trading volume, IVS forecast. — VNS