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VietNamNews

VN-Index slides on blue chips

Update: September, 16/2014 - 08:41
Blue chips lost momentum as the VN30, which tracks the top 30 shares by market value and liquidity, declined 0.2 per cent to end at 668.42 points. A total of 17 codes decreased while 11 rose.— File Photo

HA NOI (VNS)  — Stocks fell further in yesterday's afternoon session. The benchmark VN-Index lost 2.16 points, or 0.34 per cent, to close yesterday's session at 630.34 points as investors increased selling to lock-in profits.

Blue chips lost momentum as the VN30, which tracks the top 30 shares by market value and liquidity, declined 0.2 per cent to end at 668.42 points. A total of 17 codes decreased while 11 rose.

Oil and gas and seafood shares were the biggest gainers yesterday. Many hit ceiling prices, such as PetroVietnam Drilling & Well Services (PVD), Petrovietnam Transportation Corp (PVT), An Pha Petrol Co (ASP) - and PetroVietNam Low Pressure Gas Distribution (PGD).

Most sought after seafood shares included Hung Vuong Corp (HVG), Ca Mau Frozen Seafood Processing Import Export (CXM), An Giang Fisheries Import Export (AGF), Vinh Hoan Corp (VHC) and Cuu Long Fish (ACL).

Money is pouring into seafood following the news that Viet Nam's tra fish will be allowed into Russia now that customs rules have been relaxed.

Liquidity on the HCM City Stock Exchange soared with more than 212 million shares worth VND4 trillion (nearly US$190 million) being traded by the end of the session.

FLC Group (FLC) led the market in terms of volume with a whopping 50.5 million shares, of which foreign buys contributed 4.5 million shares. However the share price fell 0.81 per cent to close at VND12,300 per share.

On the Ha Noi Stock Exchange, the HNX-Index also inched down 0.09 per cent to finish the session at 89.41 points.

Liquidity also increased. Nearly 121 million shares worth VND1.7 trillion ($80.6 million) were exchanged.

PetroVietnam Construction Corp (PVX) was the most active there on total trades of nearly 15 million shares, plunging 1.6 per cent to end at VND6,300 a share.

Foreign investors were mixed. They were net sellers in HCM City, picking up shares worth VND65.29 billion ($6.2 million). They also concluded as net sellers on the Ha Noi exchange with a net sell value of VND31 billion ($1.5 million). — VNS


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