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VN-Index falls to 10-week low

Update: March, 28/2015 - 09:47
The drop in the market was caused by a declining trading session in the VN30 Index, which captures the activity of the south's 30 largest stocks in terms of market liquidity and value. — Photo vietstock.vn

HA NOI (VNS)— VN-Index yesterday reached its lowest score in 10 weeks by losing 0.85 per cent to end at 551.42 points.

However, the market still had three times the liquidity of Thursday by trading 91.6 million shares at double the market value to reach nearly VND1.6 trillion (US$75.8 million).

The drop in the market was caused by a declining trading session in the VN30 Index, which captures the activity of the south's 30 largest stocks in terms of market liquidity and value.

The VN30 Index declined by 0.63 per cent to close at 583.02 points, trading nearly 37 million shares for VND769 billion ($36.6 million). Twenty codes lost market value, including FLC Group JSC (FLC) and Vietnam Dairy Products JSC (VNM) with a drop of 1.72 per cent and 1.87 per cent, respectively.

Among the largest shares, only four improved. Hoa Sen Group (HSG) was the top gainer among them. Its share values rose by 2.4 per cent to hit VND33,900..

Of all stocks, HAI Agrochem Joint Stock Company (HAI) remained as the top traded stock on the southern market with more than 12 million shares, a decrease of 7.7 per cent. At VND12,600 per share, this was a drop of 3.8 per cent. Hai An Transport and Stevedoring JSC (HAH) was the top gainer, rasing its share value by 6.87 per cent to end at VND33,500.

On the Ha Noi Stock Exchange, the HNX-Index declined by 0.89 per cent to close the session at 82.4 points, trading nearly 51.9 million shares and recording VND584.5 billion.

The HNX30 Index again fell by 0.85 per cent to close at 156.07 points. The index's stocks traded over 34.9 million shares, worth VND393.3 billion.

Sai Gon-Ha Noi Bank (SHB) remained the most active code on the market, trading more than 18 million shares. It increased its market value by 1.19 per cent. In addition, Petrolimex Hanoi Transportation and Trading JSC (PJC) had a 10 per cent rise in market value - the highest - to finish at VND16,500 per share.

Overall, both markets closed the session with a total trading volume of 143.5 million shares, an increase of 17.4 per cent. They recorded a total trading value of VND2.17 trillion ($103.6 million), a an increase of 1.4 per cent.

Foreign investors yesterday reduced the total net selling value to VND166.5 billion ($7.93 million), half of the previous figure, and traded nearly 23.8 million shares. — VNS


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