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Bourses: Shares down for four sessions

Shares tumbled again on the two local exchanges on November 29 as foreign investors continued offloading local assets.
Bourses: Shares down for four sessions ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA)- Shares tumbled again on the two local exchanges on November 29 as foreigninvestors continued offloading local assets, putting pressure on marketsentiment, and pessimism on an OPEC deal pulled energy sector down.

The benchmark VN Indexon the HCM Stock Exchange fell 1.1 percent to close at 658.26 points. Thesouthern market index has lost 3.6 percent in the last four sessions.

The HNX Index on theHanoi Stock Exchange inched down 0.1 percent to end at 80 points, falling atotal of 1.7 percent after four trading days.

Foreign investors remainednet sellers for the ninth consecutive session with a total net sell value of 252.63billion VND (11.2 million USD) made on both local exchanges.

Of the 10 largestcompanies by market capitalisation, Faros Construction Corp (ROS), consumergoods producer Masan Group (MSN), property developer Vingroup (VIC),Vietcombank (VCB), Vietinbank (CTG) and the Bank for Investment and Developmentof Việt Nam (BID) all declined.

Dairy firm Vinamilk(VNM) remained as the must-sold stock in foreign portfolios. Foreign investors offloadeda net value of 229.66 billion VND worth of Vinamilk’s shares.

However, VNM rebounded 4percent to end at four-day decline of 8.2 percent after the State CapitalInvestment Corporation (SCIC) announced its final price for 9 percent of sharesin Vinamilk at 144,000 VND per share.

More than 166.2 million shares were exchanged, worth 3.14 trillion VND.- VNA
VNA

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