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kieudiemvje
11-07-2011, 03:04 PM
Stocks plunged and both stock exchanges lost value Monday's morning. Half of all codes posted losses. Market volumes and values were modest.


On the HCM (http://finance.vietstock.vn/StockDetail.aspx?scode=HCM&q=HCM&language=en) City Stock Exchange, the VN-Index retreated 1.22 per cent to close today at 425.09 points. The value of the day's trades totalled just VND352 billion (US$17 million) on a volume of 21 million shares.
Losers outnumbered gainers by 130-77, with numerous blue chips declining. Property developer Hoang Anh Gia Lai (HAG (http://finance.vietstock.vn/StockDetail.aspx?scode=HAG&q=HAG&language=en)) and financial conglomerate Masan Group (MSN (http://finance.vietstock.vn/StockDetail.aspx?scode=MSN&q=MSN&language=en)) dropped by about 5 per cent, while PetroVietnam Finance (PVF (http://finance.vietstock.vn/StockDetail.aspx?scode=PVF&q=PVF&language=en)) lost 3.5 per cent. Vinamilk and real estate developer Vincom (VIC (http://finance.vietstock.vn/StockDetail.aspx?scode=VIC&q=VIC&language=en)) slumped by 1 per cent.
Sacombank (STB (http://finance.vietstock.vn/StockDetail.aspx?scode=STB&q=STB&language=en)), the most active stock on the HCM (http://finance.vietstock.vn/StockDetail.aspx?scode=HCM&q=HCM&language=en) City bourse, saw 2.36 million shares change hands. Share price rose 2.3 per cent to close at VND13,600 ($0.66).
On the Ha Noi Stock Exchange, the HNX (http://finance.vietstock.vn/StockDetail.aspx?scode=HNX&q=HNX&language=en)-Index lost 1.24 per cent to close today at 71.94, with decliners outnumbering advancers by 179-68.
Trade value hit a record low of VND187 billion ($9 million), with just 17.4 million shares changing hands.
Kim Long Securities (KLS (http://finance.vietstock.vn/StockDetail.aspx?scode=KLS&q=KLS&language=en)) was the most heavily traded stock, with 2.3 million shares exchanged. However, its share value declined 2.8 per cent to close at VND10,400 ($0.50).