Shares tumbled again this morning on both national stock exchanges after a rising session yesterday, with the two benchmark indices losing value.
On the HCM Stock Exchange, the VN-Index closed today off 0.04 per cent at 350.51 points, as decliners narrowly outnumbered advancers by 132-102.
The market value decreased 34 per cent to just VND557.2 billion (US$26.5 million) while the volume of trades dropped 16 per cent to 48.3 million shares.
Blue chips experienced mixed results, with property developer Hoang Anh Gia Lai (HAG) continuing to spike after news that its chairman registered to buy 5 million shares of the company broke. Eximbank (EIB), software producer FPT Corp (FPT) and food processor Masan Group (MSN) also rose 0.6-1.6 per cent.
Meanwhile, many other large caps lost betwaeen 0.6-2.4 per cent of value.
Of the 10 leading shares by capitalisation, only Sacombank (STB) bottomed out and insurer Bao Viet Holdings (BVH) declined 2.1 per cent.
Sacombank (STB) reclaimed the position of most active code in HCM City with over 2 million shares changing hands, closing unchanged at VND15,100.
On the Ha Noi Stock Exchange, the HNX-Index today declined 0.93 per cent to finish at 57.61 points, with the value of trades dropping slightly to over VND238.7 billion ($11.4 million) on a volume of 27.5 million shares.
Losers outnumbered gainers by 134-94.
VNDirect Securities Co (VND) dropped to the floor for the third consecutive session at VND6,500, but remained the most heavily-traded stock nation-wide with 3.3 million shares exchanged.
(source: VNS)
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29/12/2011 04:12:41 PM | 