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Foreign investors pull down market

Foreign investors dragged the national stock market down on April 8 by increasing their net selling value to 69.34 billion VND (3.3 million USD), 28.4 percent higher than the previous day.
Foreign investors dragged the national stock market down on April 8 byincreasing their net selling value to 69.34 billion VND (3.3 millionUSD), 28.4 percent higher than the previous day.

The foreigninvestors reported a net selling value of 61 billion VND (2.9 millionUSD) on the southern bourse, reflecting an increase of 27 percent, and anet selling value of 8.3 billion VND (395,000 USD) on the Hanoi market,which indicated an increase of 38.3 percent.

On the HochiminhStock Exchange, the VN-Index was down slightly at 0.07 percent andclosed at 547.72 points. On the same market, the number of advancingcodes nearly equalised the number of declining ones by 98 to 109, and 75others remained unchanged.

The market's tradingvolume fell 17.2 percent to more than 80 million shares worth 1.34trillion VND (63.8 million USD), showing a decrease of 16.9 percent.

TheVN30 Index, tracking the 30 largest stocks based on market value andliquidity, dropped by 0.3 percent to end at 575.94 points. In thisbasket, the number of losing stocks was triple the number of gainers by16 to five, while nine other stocks remained flat.

On theHanoi Stock Exchange, the HNX-Index declined by 0.44 percent to finishat 81.96 points. Among all stocks on the northern bourse, 84 stocksrose, 105 declined and 181 others remained unchanged.

The HNX30 Index slipped 0.64 percent to finish at 154.11 points. Thenumber of losing stocks on the northern market doubled and the number ofgainers were pegged at 16 to eight, and six other stocks remained flat.
The market's trading volume dropped by 9.4 percent to atotal of 36.5 million shares. However, its trading value rose 8 percentto 457 billion VND (21.7 million USD).-VNA

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