|An investor follows a stock auction at the Royal Securities in Ha Noi. — VNS Photo Truong Vi
HA NOI (VNS) — The stock market fell on both bourses as foreign investors continued to reduce their total net buy value by two thirds to VND18.2 billion ($842,000).
They also increased the sale of their blue chips on the market, especially bank shares, gas shares and securities shares, to ensure a bad trading session.
On the HCM Stock Exchange, the VN-Index lost 0.6 per cent to finish at 569.56 points.
The VN30 Index, covering the 30 largest shares on the market in terms of liquidity and market value, dropped 0.83 per cent to stand at 589.32 points.
In this basket, 20 codes declined while only 6 rose.
Among six rising shares in the VN30 basket, Ocean Group JSC (OGC) continued to hit the ceiling price at VND2,800 and traded nearly 14.4 million shares.
The three largest shares, Vingroup (VIC), Vinamilk (VNM) and Ma San Group (MSN), dropped 0.63, 0.94 and 0.59 per cent, respectively.
Market liquidity dropped from Thursday's number. Nearly 136 million shares were traded, worth VND1.9 trillion ($89 million), a decrease of 16.8 per cent.
Among bank shares, Vietcombank (VCB) was the only large-cap that improved. But it gained 0.46 per cent, which was not enough to cope with Military Bank (MBB) and Sacombank (STB), whose market values fell by 0.72 and 2.7 per cent.
Most gas stocks decreased. Only two of them, Petro Capital & Infrastructure Investment JSC (PTL) and Petroleum Industrial & Civil Construction JSC (PXL), remained flat by the end of the day.
It was also a bad day for most securities stocks. Thien Viet Securities JSC (TVS) was the only one that rose. The others stayed flat, like Agribank Securities JSC (AGR), or decreased like HCM City Securities Corporation (HCM).
On the Ha Noi Stock Exchange, the HNX-Index edged down 0.5 per cent to end at 83.23 points. The number of gainers comprised two-thirds of the number of decliners – 78 to 117.
The HNX30 Index also lost 0.61 per cent to 168.01 points with 20 decliners and only 4 gainers.
Like the southern stock market, foreign investors also sold large-cap shares, including banks and gas companies.
KLF Joint Venture Global Investment Company (KLF) traded more than 6 million shares to top the market, but the share lost 2.6 per cent to stand at VND7,500.
Other large-cap shares also fell from their values on Thursday. Sai Gon-Ha Noi Bank (SHB), FIT Investment JSC (FIT) and Thien Quang Group JSC (ITQ) dropped by 2.44, 2.78 and 4.58 per cent.
Gas stocks also suffered losses in market value from foreign sales. Petro Vietnam Construction JSC (PVX), Drilling Mud Corporation (PVC) and Petroleum Technical Services Corporation (PVS) lost 2.44, 1.36 and 1.56 per cent.
On the market, nearly 72 million shares were traded for a total value of VND780.8 billion ($36 million), an increase of 38.4 per cent. — VNS