Shares declined on August 31 on both national stock exchanges. (Photo: VNA)
Hanoi (VNA) - Shares declinedon August 31 on both national stock exchanges before the National IndependenceDay Holiday, led by heavyweight stocks.
The VN-Index on the Ho Chi Minh StockExchange started to slide in the early afternoon session after surpassing the1,000-point mark in the morning. It closed down 0.85 percent at 989.54 points.
Ending the session, the southern benchmark indexgained 0.25 percent for the week.
On the Hanoi Stock Exchange, the HNX-Indexgave up 0.7 percent to end at 112.79 points, but it increased over 1 percentagainst the previous week.
Liquidity decreased slightly from theprevious day’s levels, with a total of 228.6 million shares worth 5.45 trillionVND (233 million USD) traded on the two markets.
Losses of Vinhomes (VHM) and other sharesin the VN30 (tracking the top 30 largest shares by market value and liquidityon the Ho Chi Minh Stock Exchange) weighed on the whole market.
Vinhomes rose strongly in the morning tradebut unexpectedly lost 3.2 percent in the afternoon.
Other losers included big companies in thebanking-finance, energy and retail sectors, such as Vietcombank (VCB), BIDV(BID), Vietinbank (CTG), Military bank (MBB) Saigon Securities Inc (SSI), PVGas (GAS), Mobile World Group (MWG), Vincom Retail (VRE) and Phu Nhuan JewelryJSC (PNJ) with losses of between 1.5 percent and 2.4 percent each.
On the other end of the spectrum, gains ofsome blue chips cushioned the market, especially Binh Minh Plastics (BMP), up3.7 percent; Petrovietnam Fertiliser & Chemicals Corporation (DPM), up 2.6 percent;Vietnam Prosperity Bank (VPB), up 1.6 percent; and insurer Bao Viet Holdings(BVH), up 1 percent.
Foreign traders concluded as net buyerswith net buy value of 4 billion VND. However, their buys focused on the Hanoiexchange with net value of 31 billion VND. They were net sellers in HCM City,responsible for net sell value of 27 billion VND.
The stock market will close on September 3 andre-open on September 4.-VNA
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Shares declined on August 31 on both national stock exchanges. (Photo: VNA) 
