Investors at Sai Gon-Hanoi Securities Company (Photo: ndh.vn) Hanoi, (VNA) - Shares fellon both local markets on July 14, ending a three-day rise as investorsincreased selling to lock in short-term profits for their portfolios.
The benchmark VN Index on the HCMStock Exchange inched down 0.09 percent to close at 777.60 points.
The HNX Index on the Hanoi StockExchange dropped 0.33 percent to end at 100.43 points.
July 14’s declines also ended arally on both local bourses with the VN Index advancing a total 1.5 percent inthe previous three sessions and the HNX Index going up 0.4 percent.
The session also closed a volatiletrading week for both local indices. The VN Index posted a weekly gain of 0.2percent while the HNX Index fell 1.1 percent.
More than 272.6 million shares weretraded on both local bourses, worth 4.21 trillion VND (187.4 million USD).
The day’s trading figures increasedby 4.2 percent in volume and 1.2 percent in value compared to July 13.
Large-stocks’ performance wasnegative as 17 shares among the 30 largest companies by market capitalisationdeclined while only nine advanced.
Bank stocks were among the sectorsthat posted the worst falls on July 14 with six of the nine listed bankssuffering and only Vietcombank (VCB) inching up 0.1 percent.
The agriculture sector, led by HoangAnh Gia Lai Group (HAG) and its subsidiary HAGL Agrico (HNG), also fell.
HAG lost 1.7 percent and HNG wasdown 1.1 percent after having risen total 8.6 percent and 6.2 percent in theprevious three sessions.
Among other large-cap stocks thatsuffered from profit-taking were dairy producer Vinamilk (VNM), ICT group FPTCorp (FPT) and HCM City Infrastructure Investment (CII).
On the opposite side, shares ofpharmaceutical companies traded in positive territory after DHG PharmaceuticalCo (DHG) proposed to its shareholders to approve a lift in the company’sforeign ownership limit. DHG jumped 4.6 percent.
The benchmark VN Index moved in anarrow margin between 776.88 and 780.65 points and started to decline towardsthe end of the day when it touched the short-term peak of 780 points, accordingto BIDV Securities Co (BSC).-VNA
The benchmark VN Index on the HCMStock Exchange inched down 0.09 percent to close at 777.60 points.
The HNX Index on the Hanoi StockExchange dropped 0.33 percent to end at 100.43 points.
July 14’s declines also ended arally on both local bourses with the VN Index advancing a total 1.5 percent inthe previous three sessions and the HNX Index going up 0.4 percent.
The session also closed a volatiletrading week for both local indices. The VN Index posted a weekly gain of 0.2percent while the HNX Index fell 1.1 percent.
More than 272.6 million shares weretraded on both local bourses, worth 4.21 trillion VND (187.4 million USD).
The day’s trading figures increasedby 4.2 percent in volume and 1.2 percent in value compared to July 13.
Large-stocks’ performance wasnegative as 17 shares among the 30 largest companies by market capitalisationdeclined while only nine advanced.
Bank stocks were among the sectorsthat posted the worst falls on July 14 with six of the nine listed bankssuffering and only Vietcombank (VCB) inching up 0.1 percent.
The agriculture sector, led by HoangAnh Gia Lai Group (HAG) and its subsidiary HAGL Agrico (HNG), also fell.
HAG lost 1.7 percent and HNG wasdown 1.1 percent after having risen total 8.6 percent and 6.2 percent in theprevious three sessions.
Among other large-cap stocks thatsuffered from profit-taking were dairy producer Vinamilk (VNM), ICT group FPTCorp (FPT) and HCM City Infrastructure Investment (CII).
On the opposite side, shares ofpharmaceutical companies traded in positive territory after DHG PharmaceuticalCo (DHG) proposed to its shareholders to approve a lift in the company’sforeign ownership limit. DHG jumped 4.6 percent.
The benchmark VN Index moved in anarrow margin between 776.88 and 780.65 points and started to decline towardsthe end of the day when it touched the short-term peak of 780 points, accordingto BIDV Securities Co (BSC).-VNA
VNA
