An investor observes stocks move at Tan Viet Securities Company in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - Shares fell slightlyon the Ho Chi Minh Stock Exchange on September 29 as large-cap stocks loststeam and declined on investors’ late selling.
Vietnam’s benchmark VN Index on the southernmarket closed down 0.05 percent at 804.42 points after having risen as much as0.5 percent during the morning session.
It also reversed from a 0.13 percent drop on September28. The fall on September 29 also marked a weekly loss of 0.3 percent for the VNIndex.
More than 139.4 million shares were traded onthe southern market, worth 3.1 trillion VND (137.6 million USD).
September 30’s trading figures dropped 27.6 percentin volume and 20 percent in value from the previous session’s numbers.
Large-cap stocks were unable to maintain theirprolonged growth rates as investors increased selling to earn profits when themarket was coming to a close.
Half of the 30 largest stocks by marketcapitalisation and trading liquidity in the VN30 Index declined while 12 othersadvanced and three stayed unchanged.
BIDV Securities Company (BSC) said in its dailyreport that low investor confidence must be blamed for the decline of the stockmarket as it pulled down market trading liquidity and created strong sellingpressure on local shares.
According to Vietnam Investment SecuritiesCompany (IVS), after tapping the intraday high of 808.77 points, the benchmarkVN Index weakened and finished lower than Thursday’s ending level as investorsincreased their selling in two stocks – brewer Sabeco (SAB) and PetroVietnamGas (GAS).
SAB fell 2.3 percent after having reached itsintraday highest growth rate of 2.4 percent. Shares of the largest brewerjumped 4.3 percent on September 28.
GAS dropped more than 2.2 percent after it hadgained total 4.3 percent in the previous six sessions.
Other large-cap stocks that also weighed downthe southern market index included gas station operator Petrolimex (PLX),consumer goods producer Masan (MSN) and Sacombank (STB).
Among the three stocks, MSN was down 1.1 percentafter having risen as much as 2 percent during the session. MSN gained 1.5 percenton September 28.
On the Hanoi Stock Exchange, the HNX Indexinched up 0.21 percent to end at 107.66 points. The northern market index haddropped total 0.4 percent in the previous two sessions.
Nearly 62.5 million shares were traded on thenorthern bourse, worth 528.8 billion VND.-VNA
Vietnam’s benchmark VN Index on the southernmarket closed down 0.05 percent at 804.42 points after having risen as much as0.5 percent during the morning session.
It also reversed from a 0.13 percent drop on September28. The fall on September 29 also marked a weekly loss of 0.3 percent for the VNIndex.
More than 139.4 million shares were traded onthe southern market, worth 3.1 trillion VND (137.6 million USD).
September 30’s trading figures dropped 27.6 percentin volume and 20 percent in value from the previous session’s numbers.
Large-cap stocks were unable to maintain theirprolonged growth rates as investors increased selling to earn profits when themarket was coming to a close.
Half of the 30 largest stocks by marketcapitalisation and trading liquidity in the VN30 Index declined while 12 othersadvanced and three stayed unchanged.
BIDV Securities Company (BSC) said in its dailyreport that low investor confidence must be blamed for the decline of the stockmarket as it pulled down market trading liquidity and created strong sellingpressure on local shares.
According to Vietnam Investment SecuritiesCompany (IVS), after tapping the intraday high of 808.77 points, the benchmarkVN Index weakened and finished lower than Thursday’s ending level as investorsincreased their selling in two stocks – brewer Sabeco (SAB) and PetroVietnamGas (GAS).
SAB fell 2.3 percent after having reached itsintraday highest growth rate of 2.4 percent. Shares of the largest brewerjumped 4.3 percent on September 28.
GAS dropped more than 2.2 percent after it hadgained total 4.3 percent in the previous six sessions.
Other large-cap stocks that also weighed downthe southern market index included gas station operator Petrolimex (PLX),consumer goods producer Masan (MSN) and Sacombank (STB).
Among the three stocks, MSN was down 1.1 percentafter having risen as much as 2 percent during the session. MSN gained 1.5 percenton September 28.
On the Hanoi Stock Exchange, the HNX Indexinched up 0.21 percent to end at 107.66 points. The northern market index haddropped total 0.4 percent in the previous two sessions.
Nearly 62.5 million shares were traded on thenorthern bourse, worth 528.8 billion VND.-VNA
VNA
