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Markets fall on foreign sell-offs

Update: March, 12/2015 - 09:02
On the HCM City market, foreign investors increased their net selling value by 105.08 per cent to VND72.67 billion ($3.4 million). — Photo Vnexpress
HA NOI (VNS)  — Foreign investors yesterday remained the markets' top sellers for the fourth session in a row as they increased their net selling value by 166.17 per cent over Tuesday session to VND83.8 billion (US$4 million), hurting both southern and northern bourses' performance.

On the HCM City market, foreign investors increased their net selling value by 105.08 per cent to VND72.67 billion ($3.4 million). Those on the Ha Noi market raised their number by 45.17 per cent to VND11.12 billion ($529,500).

Overall, both markets traded a total volume of more than 124 million shares, a decrease of 14.5 per cent, and ended the day at a total value of VND2.14 trillion ($102 million), a decrease of 7.36 per cent.

On the HCM City Stock Exchange, the VN-Index lost 0.53 per cent to finish at 586.54 points. The total market turnover was VND1.56 trillion ($74.5 million) with a volume of more than 86 million shares.

The exchange's performance declined over Tuesday session as the number of advancing stocks decreased to 79 while the number of losing stocks increased to 136, and with 73 staying unchanged.

The FLC Group Joint Stock Company (FLC) remained the most active code, however, its total trading volume decreased by three times over Tuesday's numbers to 9.8 million shares, worth VND114 billion ($5.4 million).

Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) yesterday had the best performance among southern codes, rising to be the second most active after FLC with a total trading volume of more than 3.8 million shares, worth VND78.4 billion ($3.7 million).

The Consultancy Design and Urban Development JSC (CDO) continued to be top gainer in share price, rising 6.77 per cent to VND20,500 while CII Bridges and Roads Investment Joint Stock Company (LGC)'s share price was the biggest loser, decreasing 6.91 per cent to VND28,300.

The VN30 Index, tracking 30 largest stocks in terms of capitalisation and liquidity, dropped by 0.29 per cent to end at 619.27 points with a generally poor performance in which losing stocks outnumbered advancing ones by 21 to 3.

In addition, on the southern market's VNMID Index, capturing the performance of mid-cap shares, decreased by 0.53 per cent to close yesterday's trading session at 654.00 points.

The HCM City Stock Exchange's VNSML Index, which observes the performance of small-cap shares also dropped by 0.3 per cent to end at 691.67 points.

On the Ha Noi Stock Exchange, the HNX-Index declined by 0.41 per cent to finish at 86.01 points despite having both liquidity and trading volume finish higher than Tuesday's session at 37.8 million shares and VND580 billion ($27.6 million).

The PetroVietnam Coating Joint Stock Company (PVB) yesterday surpassed KLF International Investment Joint Stock Company (KLF) to topping trading volume and trading value, with 4.6 million shares at VND141.2 billion (nearly $6.7 million).

PVB was the second top gainer in share price with an increase of 10 per cent to VND35,200. The top gainer on the northern market yesterday was NHP Production Import-Export Joint Stock Company (NHP), whose share price rose by 30 per cent to VND15,600.

The HNX30, comprising the northern bourse's 30 largest shares, lost 0.55 per cent to close at 165.31 points, but saw an increase in activity to nearly VND390 billion ($18.5 million) in trading value and more than 21.2 million shares in trading volume. — VNS

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