Sunday, December 4 2016

VietNamNews

Markets fall for third day in a row

Update: June, 26/2015 - 09:17

On the HCM City Stock Exchange, VN-Index was down 0.34 per cent to 587.99 points. — Photo vietstock

HA NOI (VNS) — The VN Index yesterday fell below 590 points, marking the third consecutive decline. Total market liquidity decreased against Wednesday and traders put a strong selling pressure on blue chips.

Overall, the national stock market traded a total of 162 million shares, worth VND2.25 trillion (US$104.3 million), a decrease of 18 per cent over Wednesday.

On the HCM City Stock Exchange, VN-Index was down 0.34 per cent to 587.99 points.

Declining shares outnumbered gainers by 138 to 58 while 108 others remained unchanged.

Bank shares either declined or remained flat, except the Bank for Investment and Development of Vietnam (BID). It made a slight gain of 0.44 per cent to reach VND22,700 per share.Bank shares also had high market liquidity.

While gas shares showed no improvement in market value, securities shares stayed positive. HCM City Securities Corporation (HCM) gained 1.43 per cent when Saigon Securities Incorporation (SSI) and Agribank Securities JSC (AGR) rose by 0.42 and 1.59 per cent, respectively.

Blue chips in the VN30 basket had a bad day, forcing the VN30 Index to drop 0.2 per cent to 609.49 points with 17 decliners and only six gaining codes. Those gainers included Vietnam Dairy Products JSC (VNM) with a growth of 1.83 per cent to VND111,000 per share.

Shares with low market value still attracted investors during yesterday's session. FLC Group (FLC) closed as the most active code on the market with 17 million shares traded after falling 3.37 per cent in market value.

On the Ha Noi Stock Exchange, the HNX Index ended almost flat, losing 0.02 per cent to end at 86.44 points with balance number between decliners and gainers, which was 92. Blue chips on the northern bourse were also down. The HNX30 Index fell by 0.45 per cent to 165.84 points.

Bank shares and securities shares were mixed. Asia Commercial Bank (ACB) ended at VND21,600 per share, an increase of 0.93 per cent while Saigon-Hanoi Bank (SHB) was unchanged.

IB Securities JSC (VIX) and Saigon-Hanoi Securities JSC (SHS) decreased in values while Vietnam Investment Securities Company (IVS) stayed the same and VNDirect Securities JSC (VND) rose by 0.73 per cent. FIT Investment JSC (FIT) traded 8 million of its shares to become the most active code on the northern bourse yesterday. The share dropped 2.31 per cent to VND12,700 per share.

Foreign investors yesterday bought a total value of VND7.49 billion ($346,500) shares on the northern market and a total sell value of VND87 billion ($4 million) on the HCM City Stock Exchange. — VNS

Send Us Your Comments:

See also: